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A new project in Ajman

Can anyone check this up:
A new project advertised today in Gulf News by Al Andaleeb Investment Group.

Studios starting at 52,000 Dhs for an area of 350 sqft
1 BR starting at 104,000 Dhs for an area of 700 sqft
2 BR starting at 156,000 DHS for an area of 1050 sqft

This comes out to 148 Dh/sqft never seen such low price

The web site is:
Phone: 04 321 4323
Is this for real or just a scam as construction cost alone is higher than these sale prices.

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Progress on Paradise Lakes and Al Furqan Twin Towers

I had a short visit yesterday to the site and noticed the following:

 Work on piling tests on B5 plot.

Progress on the work on raft for B7

The columns of the ground floor are rising for B8

 Excavation started for the Al Furqan Twin Towers


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