Quote:
Originally Posted by mpat
sayedat
Ajman will have to spend billions in power generation and infrastructure.they are blindly following dubai which is a very dangerous sign. Even today there are hundreads of buidings ready in Ajman industrial area which is more closer to dubai on the emirates road without power and water.Also, there are only 2 roads (main) leading from dubai to ajman and one is always blocked since its passing from inside sharjah,second is emirates road which is blocked during peak hours.becos neither shrajah nor ajman is doing anything on widening that road whereas dubai part is widened to 6 lanes from 3 lanes previousely.
In short,Ajman is in more danger than dubai.
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The power has been promised and i believe will be delivered to all Emirates Rd projects.... because The Government of Ajman is the master developer there
So when power arrives you can bet it will arrive to those projects first.
Secondly, Ajman's market is more stable than the other markets...whereby prices rise on a gradual level... these concerns of power and infrastructure has had its positive effect on the market.... it removed speculation....so prices rise slowly as investors are more wary.... I find this to be a good thing actually.
I dont want Ajman to turn into Al Reem Island where prices rise like crazy and people buy and sell properties like bread.
Also, once finance becomes available in Ajman, you will see a serious rise in prices because that will encourage more investors to enter this market.
My main concern with Ajman is those projects will put alot of pressure on Emirates Rd... especially around National Paints Roundabout.... we need to see Emirates Rd widened all the way to Ajman and beyond.
The fact that Ajman opened its doors for freehold development is already a great sign. And the developers there (although not well known) but atleast they respond to your calls and treat their investors seriously and with respect. This is something important, customer care is very important to investors these days. Cos you go and buy with a big developer, then you get treated like crap, your calls ignored etc.... wats the point? That will affect developments in the long run.
In my opinion, if they cant take their clients seriously, then they will not take their projects seriously, end of story.
Inv.