Marmooka City Ajman

British boxer Amir Khan has lent his name to a new Dh200 million tower in Ajman, the latest in a long line of sports personalities wanting to dabble in real estate.

The proposed Tejarah Executive project will be a 25-storey commercial tower located in Marmooka City, Ajman. The project is a joint venture by UAE-based developers Profile Group and Moosa Group Enterprises.

Construction will start in the first quarter of 2009 and will take about two years to complete, according to Reeyaz Mousa, group chairman and chief executive of Moosa Group.

It is Khan's first real estate venture.