Overview of Ajman - UAE
freehold nature of its property market, which is open to foreigners, is attracting a huge numbers of investors, both local and foreign to the region. Ajman is the only other emirate aside from Dubai that allows foreigners to buy and own property and was the first to offer 100% freehold rights to foreigners in 2004. Strategically located at the entrance to the Arabian Gulf places it at the juncture between east and west, thus gaining the capacity for much trade between the markets. A new international airport is under construction, planned to open 2011, which will greatly increase the number of tourists and investors to the area. The development of a £30 billion self-contained coastal city will further develop the country's popularity and will draw more investment into the country.
* Ajman has a growing free zone industrial area and a strategically located port, both of which are witnessing a large influx of construction.
* Thriving development across the emirate which will boost the economy and draw other investors.
* Ajman is a more laid back and quieter emirate, a healthy contrast for those wishing to escape the louder emirates.
* Rental yields sit around 8% - 10%.
* Capital appreciation is high at 30%.
10 reasons to buy in Ajman & the Northern Emirates
- Tax free location
- 100% freehold properties
- High capital appreciation potential and rental yields
- Lower property prices compared to neighbouring emirates
- Secure location for investmen
- Easily accessible of 3 international airports
- Strong business climate
- Main focus of investments are real estate and tourism
- Steady economical development over recent years
- Unique location close to other Emirates and surrounding countries