Quote:
Originally Posted by suas5
i was thinking of booking a 1 bd as your comments seem interesting
please can i have the details of the agent if it doesn't bother you
suas5 at hotmail
thankyou
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There are underlying facts about investing in Ajman today.
First of all, the Emirates of Ajman is today just where Dubai was back in 2004 and the Ajman's Real Estate sector will be following the same trend as Dubai.
Property price index in Ajman has increased of 30% in 2008 and is expected to reach 40-60% in 2009.
The major real estate developments have been launched in Dubai in the year 2000. This is when Dubai started its boom. Today, property prices in Dubai have gone sky high and the global real estate market in now shifting towards the other Emirates. Dubai was the first of the seven Emirates to implement the freehold law and Ajman is the second one up to date. If Dubai succeeded and successfully positioned itself as a safe environment for investors and entrepreneurs, now time has come for Ajman to follow the "Dubai Model".
In a few years, Dubai and Abu Dhabi will not be THE ultimate destination or prime location for entrepreneurs. The reason is quite simple. Upon the first hand over of projects in Ajman, property prices in Dubai and Abu Dhabi will be extremely expensive and unaffordable. Nevertheless, people from around the world will always be attracted to start their business or expand their business into the UAE. The major reason is of course its tax free law. Those end-users who will not have the financial ability to settle in Dubai will be able to benefit from the economical growth of Ajman.
These are facts that cannot be underestimated nor denied. How would have thought that a desert like Dubai would become like New York and even better? Well, it happened and we did witness Dubai taking over the world. Even though, the Dubai Real Estate Market has reached maturity, it is still not on the verge of breaking down, but it has become a place where only the "Elite people" can afford to invest and profit from their investment. That is where Ajman’s competitive property prices tend to fill in the gap and provide a new opportunity for future investors and entrepreneurs.
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