Orient Towers (Ajman)

[LaCasta]

Orient Towers

Has anyone invested in this project? How does the location look from the map

[LaCasta]

Anyone even heard of this project?

[Investoman_uae]

Theres projects poppin out in Ajman every day, I have lost track. Within space of 1 year, without exagerating, thousands of units have been introduced to the market in terms of freehold projects.

Is Ajman even ready for this? Have you seen the location of these Orient Towers? That road goes past the former Ajman Free Zone area. Its a 2 lane road which then links with small roundabouts at either end.

Ajman should invest in infrastructure (roads, bridges, electricity, water, drainage etc) before it allocates large areas of land for development. Thats my opinion.

Inv.

[Ali786]

Originally Posted by Investoman_uae

Theres projects poppin out in Ajman every day, I have lost track. Within space of 1 year, without exagerating, thousands of units have been introduced to the market in terms of freehold projects.

Is Ajman even ready for this? Have you seen the location of these Orient Towers? That road goes past the former Ajman Free Zone area. Its a 2 lane road which then links with small roundabouts at either end.

Ajman should invest in infrastructure (roads, bridges, electricity, water, drainage etc) before it allocates large areas of land for development. Thats my opinion.

Inv.

I think your research is not correct if new projects are comming to Ajman that means that investors are seeing some thing which you cant see as far as i know governement of Ajman is spending a lot of money in infrastructure and many projects are on way. From last two years their is a huge difference in Ajman respect to every thing their infrasture their policies and laws which is very poistive.

It is not possible that Ajman will provide exactly the same infrasture as of dubai today with half of real estate prices than dubai.

Regarding Creek road i think it is a nice place to invest at the moment. the first project which was launched was at 230 per sq.ft two years back and now the latest project is 680 per sq.ft so you can see the apprication further Ajman marina is comming up on same road and will give good boost to all projects in that area.

[Investoman_uae]

I am not disputing what you said above. Ajman is definately moving forward in terms of investment activity. However, I was just questioning whether its possible for it to meet infrastructure demand before those projects offerin thousands of units will be completed.

If you dont have the roads to cope with those thousands of people (end-users) it will be chaotic for the emirate. Thats only the roads, maybe the roads wont get congested because there wont be ppl living in those apartments because there is no electricity or water in them

Anyways, whatever negative points we discuss, Ajman is definately moving forward. I just hope its planning things ahead and not just looking to the near future.

This is a good article I read earlier:

Ajman's real estate worth Dhs120bn | Real Estate

Inv.