Emirates City, Ajman, What do you think?

[Rammah]

I had mixed signals from different people about it, and I'm hoping to get some more information from people who know it well...

If you know of a specifically good project/developer there, please point it out to me.

Also, what main factors would you take in mind when investing there? Parking spaces? views of the lake?

[mpat]

good developer is star giga

[dubaiboy]

the main factor should be the purpose of investment.I think most of the investors prefer to stay there.for rental or re sale its quite not sure . there are hundreds of properties coming up in the similar time frame at cheaper prices in sharjah and dubai to stay on rent.
if someone has work location in ajman or sharjah , it will be good. For commuting to dubai from ajman will be a bit of headache due to the congested portion of sharjah which is not being widened.

[alexft]

Rammah,


Eslam Group is an interesting developer. And yes Eta Star is good.


Regards,

Alex.

[Rammah]

Originally Posted by alexft

Rammah,


Eslam Group is an interesting developer. And yes Eta Star is good.


Regards,

Alex.

Thanks Alex.

[AR786]

This is probably a question for Dubaiboy or anyone else who can help.

I am thinking of getting a studio apartment for £36,017 at the Grand Orian Tower in Ajman.

Would you recommend buying a property for investment purposes in Ajman? and realistically how far is Ajman from Dubai airport and Dubai central.

This construction is due to complete in 2011 and by then i here there will be a metro line and Ajman airport and will be easy to travel.

Please can you advises asap.

Kind Regards

[financier888]

Originally Posted by AR786

This is probably a question for Dubaiboy or anyone else who can help.

I am thinking of getting a studio apartment for £36,017 at the Grand Orian Tower in Ajman.

Would you recommend buying a property for investment purposes in Ajman? and realistically how far is Ajman from Dubai airport and Dubai central.

This construction is due to complete in 2011 and by then i here there will be a metro line and Ajman airport and will be easy to travel.

Please can you advises asap.

Kind Regards

Go to the casino in London. Go to the roulette table and chose : Red 0r Black and put down your 36,017 sterling... this way you at least have 50-50 chances of making money.. rather than ZERO if you proceed with this foolish pursuit.

thank me later - ONLY - if you decide to abandon buying in Ajman and keep your money safe ! (for your benefit because you are not living over here...)

[AR786]

Thanks for your reply.

Why what is going on there?

The developer for this project is Adnan Saffarani, an escrow account has been set up by the Islamic bank. Do these things mean anything.

This project is been offered to me by Real Choice Real Estate based in Dubai. Are they realiable?

Many thanks

[financier888]

Originally Posted by AR786

Thanks for your reply.

Why what is going on there?

The developer for this project is Adnan Saffarani, an escrow account has been set up by the Islamic bank. Do these things mean anything.

This project is been offered to me by Real Choice Real Estate based in Dubai. Are they realiable?

Many thanks

Saffarani is a reputable CONTRACTOR but are you sure he is just not the engineer? or doing the construction? He's doing a lot of projects in Ajman and may be over extended Sit back and wait - there will be many opportunities in Ajman and prices arent going higher or will be in the forseeable future...

In the meantime SAVE your money and be patient. BEFORE I would buy anything - I would first wait till the laws are implemented in Ajman - an 'escrow' account up there is meaningless without the proper legal framework defining the terms and conditions of the escrow and the govt enforcement agency to ensure it's being administered correctly... ASk them -'what are the terms and conditions of the escrow? Are the payments linked to construction progress? What happens in the event of a default by the developer? etc.... U catch my drift here...

OK! be carefull and sit tight

[AR786]

Thanks for your email.

Are you based over in Dubai or are you UK based?

The agent has sent me a letter from the muncipality and planning Department which has been stamped by them. If you send me your email i can show you.
Does this mean anything?

I have sent your questions to the agent, il let you know what he's answer is.

Once again many thanks for you advice. Its much appreciated.

Kind Regards