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With the population of approximately 1,00,000 and covering an area of only 260 sq km, the emirate of Ajman is in fact the smallest of the seven emirates of the UAE. Though, this small emirates, situated between Sharjah and Dubai is tipped to become one of the next hot spot for property investment, potentially rivaling the incredible growth rates experienced in neighboring Dubai. So why are we starting to see rising interest in property in Ajman, and what are the factors that are merging to result in large numbers of people relocating to this emirate?
With the majority of issues like this, the bulk of answer can be found in Ajman’s excellent location, and in specific it’s close proximity to the commercial powerhouse of Dubai. As such, huge numbers of people who work in Dubai have been attracted by the more relaxed and serene coastal lifestyle that can be found in Ajman. The other major factor that raises the demand for property in Ajman is the relative affordability of property in the emirate. In recent years, exceptionally high levels of growth have been found in terms of price of property.
However, prices of property in Ajman have begun to increase drastically of late. Announcements such as the plans to build a new international airport in the region have resulted in a continued interest in property in Ajman. Last but not least, the government of Ajman has made significant efforts towards encouraging investment in the emirate, offering a range of advantages to both individuals and companies who are interested in investing in Ajman. Developments such as the Ajman Free Zone and its offers of 100% foreign ownership, 100% repatriation of capital and profits as well as a guarantee of 20 years tax free operations and no personal income tax make sure significant interest from all levels of investor.
Today, real estate in Ajman offers considerable opportunities for both individuals and investors. The excellent location of Ajman, offers an affordable alternative to Dubai. Whilst still offering the luxury that modern day investor’s demand.
Alpha Dubai, a leading real estate agent in Ajman, offers a wide range of commercial and residential properties in UAE. If you are looking for real estate in Ajman, Alpha Dubai is way to go.
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