Property In Ajman

 

The smallest of the seven emirates of the UAE, Ajman is today acknowledged as being one of the Middle East’s property investment hotspots. Recent years have seen a huge increase in the market for property in Ajman, as both end users and investors see it as a more cost effective solution to purchasing a property in Dubai.

 

Ajman is situated towards the northern tip of the United Arab Emirates, with its shores along the clear blue waters of the Persian Gulf. Its close proximity to the major commercial centres of Dubai and Abu Dhabi have undoubtedly proven to be one of the greatest assets to the market for property in Ajman, as residents seek a cheaper alternative to the high prices for property in Dubai and Abu Dhabi.

 

Today, Ajman is the only emirate to offer investors 100% freehold ownership on real estate, regardless of nationality. On the back of pro-investment initiatives such as these, there has been a large increase in demand for property in Ajman over the past few years. This growth has brought on a number of large scale construction projects in the emirate, such as those at the new Ajman International Airport and Emirates City.

 

Through astute positioning, Ajman has turned itself into one of the Middle East’s investment property hotspots, offering residents a cheaper alternative to property in nearby Dubai. At present, there is still a gulf in the price of real estate in Ajman against those in some of its neighbouring emirates. As such, the demand for property in Ajman is considerable, and at present shows no tangible signs of slowing.