Al Humaid City, Ajman - U.A.E.

[AliRaza]

Al Owais Heights is located in AL Humaid City, Ajman. One of the most upcoming emirates, Ajman is well-known for its beautiful beaches, close proximity to all major landmarks, and user friendly policies for buying of property and obtaining freehold status.

Located on the Emirates Road, Al Humaid City is a completely self-contained city, featuring residential towers, as well as world class medical, educational, hotel and shopping facilities. R-Holding will be the controllers for the escrow accounts for this project, guaranteeing the financial safety of the customers. The master developer is Al Rashid. Al Humaid City is designed and planned by Adnan Saffirini, who is also the master developer for Emirates City, and is the most well-designed development in Ajman, created around an extraordinarily large sized lakes, which provide the focal point for the city.

At Al Owais Heights, you are within a stone’s throw of any place worth visiting. While your home in restful AL Humaid City provides a haven of calm and serenity, your ideal location on the Emirates Road means that Sharjah International Airport is just 7 minutes away; Dubai International Airport, about 20 minutes’ drive, and world class shopping at Deira City Centre, just 25 minutes away. Al Owais Heights is also connected to all major trading areas and business hubs – you can reach the Business Bay in about 25 minutes, Ha***ya Free Zone in 5 minutes, Umm al Quwain in 10 minutes, Ras al Khaimah in 30 minutes and the north Jebel Ali Free Zone in about 35 minutes.

Any view on this city, please share

[fahd]

Tell me more about Ajman. I heard that there will be Electricity and water problem there....
Is it true???

[fahd]

also tell me about the construction of the Project, is it started. if not, when can we axpect the costruction started???????????

[AliRaza]

Ajman Electricity problem is already solved as ajman government had signed a multi billion agreement with one malaysian firm as quoted below


Source: Gulf News Date: 18 July 2008

Ajman signs multi-billion dollar agreement to set up power plant.

Ajman - Shaikh Humaid bin Rashid Al Nuaimi, supreme council member and Ruler of Ajman witnessed here yesterday the signing of agreement between the Ajman government and MMC of Malaysia to set up in Ajman a 1000-megawatt power plant at a total cost of $2 billion.

In a statement after the signing of the agreement, Shaikh Rashid said the main aim of establishing the coal-driven power plant is to provide enough electricity to the new real estate projects that would be executed in the near future in Ajman, adding that the power plant would be completed within a maximum period of three and a half years. He hinted that two power plants built by the Federal Electricity and Water Authority will start operating in the next few months to provide electricity to the completed building projects until the new power plant projects is completed by MMC malaysia, which will fund the project on a Build, Operate and Transfer (bot) basis in 20 years time.

[AliRaza]

Originally Posted by fahd

also tell me about the construction of the Project, is it started. if not, when can we axpect the costruction started???????????

Construction will start in Dec, 2008 thats why the prices are still prelaunch prices

[Saeid]

That's a bunch of none sense. Ajman's Electricity problems are far from over. There are many residential buildings that are running on generators, costing the owners close to 2,000,000 a year in Diesel fuel, because Ajman can not and will not give them power.

we built a house in Mohiyat in Ajman. we are now being told that only emiraties will get W/E.

I can see why sales agents for Real Estate companies would lie to potential clients. After all when the government cheats the expats by allowing them to buy land and then giving them building permit, and then deny them their right to have W/E, what can you expect from a Real Estate Agent?

The bust in the Real Estate market is well deserved.

My advise to you, if you want to buy, ONLY buy if you plan on living in it or renting it. Forget flipping, those days are over!

[therealdubai]

Saeid is totally right, we are having a nightmare with a developer in Humaid City

[Saeid]

therealdubai
Where in Humaid City did you buy??
we have bought two flats also and payments are construction based. So since there is no activity what so ever, we have stopped making payments. But I think the whole project might have been canceled.

[therealdubai]

Highfield by Rashed, can u help?

[Ajmanprop]

Here's my experience in Ajman.

1) Pre-launch prices, heavy advertising about milestone payments by developer etc.
2) Pay a booking deposit - 5% or so. The developer asks for postdated cheques for the remainder.
3) At least two more payments come due, get cashed - so now you are around 15% paid.
4) The developer finally produces the contract - if you are lucky, some of what was advertised is in the contract, in other instances nothing. So, in my case the milestone payment plan, was not in the contract.
5) The developer's attitude at this stage - take it or leave it - no changes in the contract...since you've paid 15% already...
6) You sit and wait, keep paying installments and hope it'll get built. I've now paid 35%....soon will be 40%....and counting. The developer has probably done about 5% work. The only way to stop the post dated cheques is to go to court and file... which costs quite a bit of money.

So goodluck... and hopefully you can use these lessons learnt - regardless of where in Ajman the project is being built. I have put my villa for sale at the pre-launch prices, and haven't sold it yet. FYI - the current asking by developer is 1.4M... in my case seeking 1.02M - my original price from 1 year ago !

Just out of academic interest - I've been searching for a single project - launched end of 2006 or so - that is on track, or where payments have been suspended etc. Nothing so far. Goodluck.