Al Zorah Real Estate Development Company, a joint venture between the Government of Ajman and Solidere International, has signed a land acquisition agreement with Samana Real Estate Development Company to develop an upscale mixed-use waterfront destination in Al Zorah City, valued at AED2.7 billion. Sheikh Rashid bin Humaid Al Nuaimi said the project reflects a shared vision to develop high-quality residential communities that balance innovative urban design with nature, while expanding options for investors and homebuyers and reinforcing Al Zorah City’s position as an upscale coastal destination. Dr Nasser Al Shammaa said the partnership reflects Solidere International’s commitment to working with leading developers to create distinctive projects that enhance Al Zorah City’s long-term value and appeal. He said the project will introduce Samana’s concept of resort-style living, combining design innovation with Al Zorah City’s tranquil character and offering investors a high-privacy lifestyle integrated with nature. Samana enters Al Zorah City with strong market momentum, having ranked fifth among top-selling off-plan developers in Dubai in 2025, with sales of AED7.1 billion and a project portfolio exceeding AED17 billion.