To buy property in Ajman is now very straightforward, as Ajman has modified Dubai’s Law No. 8 of 2007 on Guarantee Accounts of Real Estate Development (Escrow Account or Trust Law). It ensures that Ajman property purchases can now be conducted easily and without any major problems. The emirate has also streamlined its inheritance policies and introduced bank guarantees to safeguard investor's interest. This is always a factor considered by both private and institutional property investors. The law means that property developers have to spend client’s funds only on that development for which they are supposed to be for and the money cannot be used for anything else. This is a very nice addition to the security of investment into Ajman properties. The bank will also hold back and essentially freeze 5% of the total project funds until completion of the building. After handover to the new owner, the developers themselves will be responsible for the maintenance of the building for the next 10 years.
Finally, Ajman has made substantial investments into utilities, sewage management and transport projects to establish suitable infrastructural foundations for more intensive property development activities. Free hold Ajman is much cheaper than Dubai property as less cost labor, lower building costs, lower additional charges and no levies, etc. As a result, expatriates or foreigners can afford to invest in high-end properties by paying lower costs.