Guide to Property Investment in Emirates City - Ajman- By: David Garner
Ajman has a population of approximately 235,000 and is located on the Persian Gulf. Back in 1980, the population of Ajman was only 36,100, which has grown considerably in recent years, due to an influx of migrant workers from neighboring Dubai, Sharjah and other from other countries worldwide as professionals flood to the UAE for the tax free lifestyle.
Ajman is enjoying a period of rapid economic and demographic growth, drawing people in from expensive Dubai with lower property prices, lower rents and lower cost of living. In Ajman you will find five star hotels, sandy beaches, large universities, schools, shopping malls and many varied leisure activities. The Emirates City Development, which a town sized development in Ajman makes up part of a series of well planned property development projects that are currently under construction, aimed at accelerating and underlining the already impressive economic progress that Ajman has made.
The development of Emirates City in Ajman will be made up of around 72 residential and commercial buildings. Both the residential and commercial towers will be set in a beautiful surrounding of lakes and green areas, and will include a shopping district, mosques, five star hotels, educational and medical amenities.
For those looking to invest in Ajman property should pay particular attention to the location of their chosen investment project within the Emirate of Ajman itself.
Bearing in mind the fundamentals that are driving the property market in Ajman is essentially an overspill of people relocating to Dubai (around 1,000 resident visa applications per day), who cannot afford to buy or rent property in Dubai itself. This is driving demand in the Ajman property market for small studio and one bedroom apartments.
We are seeing lots of demand for smaller properties as young professionals and small families look to Ajman for lower rent, property prices, and cost of living.
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