Quote:
Originally Posted by SusieQ
Hi Rudeboy
I notice from a previous post of yous that (and to quote you) you say:
''if i were you i wouldnt invest in Ajman unless you personally know the developer. I was thinking of investing in Ajman but I didnt because
1) Prices are good for something which is near to Dubai, but can the developer be trusted??
2) There is no escrow. No security for investors.
3) Already had a bad experience with a scammer taking 30,000dhs from me and running off
4) No electricity. For your information Ajman borrows its electricity from Sharjah Power plants.
5) What is so special about Ajman? hmmm nothing
6) Y not go for something in RAK ok the prices are bit higher then Ajman but atleast they have escrow and the properties are Freehold. You know what you are buying.
7) RAK has something special and its Al Marjan Island something similar to the Palm Island or Jebel Ali Palm. Most of the Europeans especially British ppl are investing in RAK.
8) RAK planning on making its own Dubai land which will be 5 times bigger then Dubai land :s.
9) RAK is all about the nature with sandy beaches and mountains."
What has changed you mind about investing in Ajman??
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good question. I still think Ajman is rubbish. What does Ajman have? shopping centers? nope. hospitals? only one i can think of. schools? again not any i can think off. electricity supplied by sharjah power plants. natural gas? nope. petroleum? only one refinery in hu***yeah freezone which happens to belong to Sharjah. there is nothing special about ajman apart from the fact it is 20 minutes away from dubai, 2 hours if there is traffic and the rent is very cheap. apart from that NOTHING special.
however i did come across this article
http://www.business24-7.ae/articles/...0d0bd2485.aspx