Star Giga Establishment Limited, a joint venture between ETA Star Property Developers and Mazyood Giga International, has launched Goldcrest Dreams, a Dh700 million ($190 million) freehold residential property development in Ajman.

The move follows the resounding success of the Jumeirah Lake Towers-based Goldcrest Views 2, Goldcrest Executive in Dubai and Pearl Residence in Ajman.
Goldcrest Dreams comprises of four residential towers with a total of 1,600 one- and two-bedroom apartments. Each tower will have ground-plus-four levels of parking and 25 floors of residential units.
Located within a 15 minutes drive from Dubai International Airport, the project is strategically located at Paradise Lakes on Emirates Road, which stretches from Ras Al Khaimah through Umm Al Quwain, Sharjah and Dubai to Abu Dhabi.
Paradise Lakes comprises residential and commercial towers, in addition to convenient shopping areas, mosques and recreation centres. It is designed to provide affordable housing for middle-income families who work in the UAE and are looking to buy an affordable home.
Star Giga director Amir Haji Amin says Goldcrest Dreams will be one of the prestigious addresses in Ajman and will be characterised by the superior quality that is unique to all Goldcrest projects.
Goldcrest Dreams will be handed over to clients in mid-2009.
“Goldcrest Dreams brings quality residential space within the reach of a cross-section of people locally and internationally,” he continues. “Moreover, our innovative finance strategy ensures that the ownership process is hassle-free and convenient to the buyer.”
Goldcrest Dreams offers a five-year payment plan. After reserving the apartment by making a 10 per cent down payment, the buyer need only to pay quarterly payments where monthly installments start from as low as Dh1,999 ($544) until possession. After possession, the balance payments can be made in installments similar to paying rent.