Quote:
Originally Posted by mpat
About Ajman
Positive : Less price .
Negative : unknown developers , master developer also non responsive ( R holding )
Negative : Location does not have more than one or two main roads to reach to the dubai and Jebel ali.( where most of the movement is )
Negative : Road and other utilities are not existent, Ajman was in water till 10 days after the heavy down pour in January in UAE.
Negative : Competition from Dubai projects will not let their price to appreciate much ( You have ICs which are cheaper and are going to be cheaper once supply meets demands in another 5 years time )
ITS ONLY GOOD FOR THOSE FAMILIES WHO WORK AND LIVE HERE ,NOT TO THINK FOR RENTAL RETURN OR PRICE APPRECIATION.
Above are my views and I might be wrong in it.I just gave my openion.
Thanks and regards
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mpat,
I agree with you when you say infra stucture. The roads might not support the development. As you said the rain had it's effects around the emirate. Sometime back they had a problem with quality of water, they must have eliminated that problem, I do not know.
Ajman would be a solace for people who cannot afford to stay in Dubai. Now one needs to analyse the segment he is going to service. A landlord in such circumstances would be catering to tenants who would not be cash rich and will be working on budgets.
Prominent developers are not there. Chapal is coming up with a villa project which will be launched in the next one month or so.
I still feel that a 15% appreciation per year is possible considering the prices have just started. Investing at the beginning of a cycle in an emerging market has it's advantages.