Ajman developer GJ Properties plans to launch a multibillion-dollar masterplan in the emirate before expanding to Dubai and Abu Dhabi. The AED8.5 billion ($2.3 billion) development, due to be formally announced at the International Property Show in Dubai next year, will comprise 27 towers and almost 10,000 apartments across about 15 million square feet, CEO Ali Jaber told AGBI.
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GCC hotel inventory is projected to rise 25% to 616,000 rooms by 2030, led by Saudi Arabia with 94,500 new keys and the UAE with 23,000+. Despite softer occupancy in 2026, room rates remain resilient, while winter travel, events and improved air connectivity are expected to support demand.
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