Whilst not quite yet the global tourist destination and renowned international trading hub that is Dubai, Ajman, and its up and coming freehold Ajman real estate market does however still has a lot going for it especially the prices!
Where as Dubai has exploded into the worlds glare this past decade, Ajman has remained relatively under that radar until recently. And for those who missed out on the investment opportunities that presented themselves at the start of the Dubai freehold property market, Ajman may just offer a similar present day proposition.
Located between Sharjah and Umm Al Quawain, Ajman is the smallest of the seven Emirates that make up the UAE, covering around 259 square kilometers. By no means a remote backwater, Ajman offers a good break away from the fast paced life and noise of Dubai, providing residents the same great weather and beaches as you would expect in Dubai, but all with the added bonus of peace and quiet. And with the completion of the Emirates Road, Dubai has now been made very accessible from Ajman, and with daily commuting now very much possible, Ajman is starting to become an ever more compelling proposition.
The freehold property market in Ajman has become increasingly difficult to ignore for investors and firms alike. With rents and property prices in Dubai now reaching new heights, this once sedate northern Emirate now has developers queuing up to build projects here. With property in Ajman, both commercial and residential, up to a third less than the freehold real estate in Dubai, yet all within a 25 minute car journey from Dubai airport, things certainly look positive. And with a good proportion of the property in Ajman being aimed towards middle and lower income residents, something hugely lacking in Dubai, Ajman property will go someway to addressing the top sided property market within the United Arab Emirates.
Although prices here are on the rise, they are still a long way off matching the figures at which freehold real estate changes hands on the Dubai and Abu Dhabi property markets. The announcement of the planned Ajman airport caused a 30% surge in property prices here, and yet prices still remain some the cheapest around. Ajman will look to mirror the success of the Dubai property market, which gives rise to numerous potential investment opportunities here. One just needs look at the price increases seen on Dubai freehold property market in its prime, to see what returns could potentially be achieved here in Ajman real estate. The market is still in its infancy, although things are now changing fast, with prices on the up. With plenty of interest being generated in Ajman property, and a number of well established developers with projects already underway, prices only look set to rise. Therefore for those seeking greater potential returns than are now possible on the Dubai freehold property market, then Ajman property presents a realistic alternative.
Clearly the development which you pick will depend on your needs and preferences. Luckily Ajman now has a wide range of property developments from which buyers and investors can select their ideal villa or apartment. Popular developer ETA Star has a four tower residential development underway here called Goldcrest Dreams, and Tameer has a three million square feet mixed residential and commercial development, Al Ameera Village.
And then set for completion in 2010 is the Escape Equestrian development. The community is being built within Eastern Ajman, well located just off Emirates Road, and within close distance to the Sharjah border, making it ideal for those wanting to commute to Dubai. Set to offer 500 three and four bedroom villas within the equestrian themed development, plus 16 low rise apartment buildings and a boutique hotel within the 200 acres development, the project certainly looks to offer some of Ajman's most sought after freehold real estate.
For those more interested in freehold apartments, then Ajman One looks very promising. Set for completion in 2010 Ajman One will feature 3000 studio, one, two and three bedroom apartments within its 12 towers. There will also be a freehold commercial tower, serviced apartments and a shopping mall as part of the development. And all of this is just a taster of the Ajman properties available to foreign investors looking for freehold real estate. Ajman property really could be the next big thing, and is therefore certainly worthy of further exploration.
For the best prices on the market today, get in touch with the experts and contact us now for Ajman property. We will assign one of our dedicated real estate consultants to advise you on every aspect of your property purchase making it stress free and easy. We have recently launched Ajman properties with prices starting from Studio AED 245,320, 1 Bed from AED 289,170, 2 Bed from AED 469,200
If you are looking to sell an apartment or villa that you have bought in Ajman then please get in contact with us so that we can give you a current market price and offer it to our many clients and investors who may be looking for such property.
We have recently launched a fascinating project located in Ajman Pearl where we have Studios from AED 245,320, 1 Bed`s from AED 289,170 and 2 Bed`s from AED 469,200 therefore contact us now for more information and to make a booking or reservation on this mega project.
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