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Ajman Property Price Trend
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My actual experience of Ajman (over the past 10 months or so) has been that prices are going up every month. I was going to buy a large 2 bedroom apartment for around £65K in January- it was coming in at around 400 AED/ sq ft then. That same property is now 530 AED per sqft. Now the pricing in most of the areas is 500 to 620 AED per sqft, although I accept it does vary quite a bit from area to area and from development to development. Thus already in 8 months I have seen a price increase of about 35%. The forcast is that prices in New Ajman to go well beyond 700 AED/ sq ft by January and I think this is likely. I know several friends who have sold thier apartment in Dubai and have purchased multiple off plan properties in Ajman because they think the growth rate is going to be higher in Ajman than in Dubai (going foreward).
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InfoGuru
I have also heard that Ajman prices are likely to go beyond 700 AED/sq ft and you are right, prices at the beginning of this year were around 400 AED/sqft. With properties 25 minutes down the same road, in Dubailand, of the same spec, with the same developers being 3 times more expensive I do beilieve Ajman will do very well and the growth rate here will be better than the growth rate in Dubai which I think is likely to slow down a little.