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About Ajman

Ajman means "Business"

In the latest UAE report, it stated that Ajman is the "new kid on the block" and "hot on the heels", it has received significant interest from property investors due to attractive forecast predictions and impressive capital appreciation forecasts that this emirate is set to achieve over the coming months and years. Ajman is one of the seven emirates that make up the United Arab Emirates. It is the smallest emirate and often overlooked when it comes to exploring the country. Covering 260 sqkm. only and with a population of about 240,000 in 2007.

Many projects are on line and plan to be built in Ajman; one of these, in its proposal phase is the Dubai Metro System, which is currently under construction, will go all the way to its neighbouring emirate, the Ajman. With the continuing success of Dubai in terms of property ranking, Ajman is attracting a wealth of investors looking to the triumphant footsteps of Dubai. With more and more people investing in Ajman, there is no doubt that this emirate will be a sure winner for anyone's property portfolio. And with the possibility of the extension of the Metro to Ajman, then this emirate will go down the same line of success as Dubai. In view of this, the emirate will spend 431 million Dirhams this year on improving health services by building new hospitals and health centres for the complete wellness of the people who are rapidly increasing because of the high demands in terms of property development.

Sufficient electricity

With the continuous growing population in Ajman, property developers come up with so many projects, more importantly residential projects. Recently His Highness Sheikh Humaid Bin Rashid Al Nuaimi, member of the supreme council and ruler of Ajman and Ernest Nevaratham, head of investment and projects at the Malaysian Mining Corporation (MMC), signed an agreement to build a 1,000-megawatt power plant at a cost of $2 billion. It will be up and running in Ajman in around 2011 as part of a government project to ensure adequate infrastructure to cope up with the increasing projects in the emirate. It will provide enough electricity to the many upcoming real estate projects in Ajman. New power plant projects being developed is a strong message that Ajman means business and it has been and will continue to be a good long term investment destination.

Improved infrastructure

Ajman has the third largest real estate market in the UAE, just behind Dubai and Abu Dhabi. Around 1.4 billion Dirhams worth of infrastructure projects are under construction to support the rocketing pace of real estate development here in Ajman. The emirate is now making headway in improving its roads and sewage treatment plants. The lack of water, electricity and road networks will not be a burden to developers and investors because the government is making concerted efforts to create good infrastructure networks to attract more investors. Construction work on roads will begin before the end of this year according to Mohammed Ahmed Al Awadhi, director of infrastructure development in the Ajman Municipality Planning Department. The government will spend 3 billion Dirhams on road development over the next three years to put an end to traffic woes and driving will be much easier when the dozen projects are completed by the end of 2011.

Ajman raising

Property investors are being lured into buying property in Ajman for the reason that a number of lucrative investment opportunities are emerging with the prospect of high returns. Ajman is providing very good and reasonably priced residences that are generally around a third cheaper than in Dubai. Ajman is filling the gap by catering homeowners at the lower end of the sector. It is the second emirate that offers freehold property with a 100 percent ownership to any nationality. With all property in Ajman benefitting from a freehold status, as well as the same enticing personal taxation environment as Dubai, Ajman is a secure and safe emirate in which to invest. With its ideal location and easy access, Ajman will be a first-class location for long term residents and visiting tourists alike.

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