Aqaar Properties is a government-established developer in Ajman, founded by Emiri decree in 2006 under the Ajman Department of Private Properties and the Real Estate Investments Public. It has delivered and launched landmark projects including Ajman One (a Dh2.7 billion mixed-use development), Ajman Corniche Residences, Naumiya Tower C, Flamingo Villas, Marsa Ajman, and Falcon Towers. Aqaar serves as a master developer and infrastructure provider for Ajman’s urban growth.

Aqaar is a wholly owned Ajman government corporation, funded via government allocations and backed by escrow accounts for residential towers. It has executed multi-billion-dirham contracts—such as a Dh1.4 billion main works package in 2007 and ongoing energy-efficiency retrofits—signaling robust cash flow backed by public funding and institutional finance mechanisms.

Aqaar delivers mid-range residential and mixed-use towers offering competitive pricing and city-scale infrastructure. Quality varies: newer waterfront projects offer smart-home readiness and canal access, while mid-tier towers may show average finishing and durability. Infrastructure at masterplan level is well-implemented, including roads, utilities, and community facilities.

As a licensed government master developer under Ajman Real Estate Regulatory Authority (ARRA), Aqaar operates fully within official regulatory frameworks. Transactions are managed through escrow accounts. There are no known legal violations or title disputes associated with its operations.

Customer feedback is mixed. Investors sometimes report high maintenance fees, confusing off-plan financing, and site access limitations. Voices on social platforms mention weak property management in some communities. Positive notes include energy-retrofit gains and competitive returns, but many buyers warn about developer responsiveness and service transparency.

Aqaar is seen as a credible regional developer driving Ajman’s transformation, backed by government support. It is recognized regionally for strategic project delivery. Yet, weaker finishing standards and management issues in some towers moderate its reputation compared to Dubai developers.

The company has begun sustainability work, such as the Falcon Towers energy-efficiency retrofit, aiming for 40 % energy savings. It incorporates smart-home features and prioritizes eco-design in masterplan islands and town centres. However, formal green certifications (LEED/Estidama) have not been widely reported.