i agree with you GT i too have invested on marjan island and will definitely keep on investing in marjan island cos i missed out on palm jumeriah which now is an AWSOME place to live in. marjan island will be the same hopefully. so what if its 1 hour away from Dubai. ppl are commuting every day from al ain, abu dhabi, shj, ajman, uaq, fuj and rak to dubai. its like commuting from Oxford to London. ok they have the metro there but hopefully when UAE has its own metro up and running what more do you want?
ajman again i want to invest because the prices are cheap and I have been offered 500 dhs per sq ft for a appartment which has started its construction.
but what you have said about ajman is correct. there are millions of appartments there and its going to be a bit hard selling them in the re-sale market. I guess ajman is in the same boat as dubai was 3 to 5 years ago. so its going to take time for ajman market to mature and investing there is LONG term i.e holding up to 3 to 4 years when everything has been constructed.
2 years ago prices in ajman were 295dh per sq ft today the prices are 500dhs. it is a good investment but a LONG one.
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