Property in the Ajman has been one of the leading investments in the United Arab Emirates over the past few years after Dubai which leading the way. The tiny Emirate of Ajman is looking to be the next UAE property hotspot. Ajman is not far from Dubai along the coast of the Persian Gulf and is looking to grow its property sector as well as its infrastructure in the next few years.Property in Ajman gives you a fully transparent true 100% freehold ownership on real estate. This in turn has prompted the Ajman government to initiate a number of development projects in the near future.Buying opportunities in Ajman real estate have brightened up as rates come down to as low as Dh299 per square foot now from Dh600 per square foot six months ago.
With a population currently growing at 18% per year and real estate investments worth more than Dh80bn ($21.78bn), current projects to improve the emirate's transport and infrastructure are increasingly important. In order to encourage this growth and make it sustainable the governing bodies of Ajman introduced new property legislation in order to accommodate non-nationals in the Emirate. Ajman real estate has become one of the major revenue generating and profit disbursing area of UAE.The real estate sector has a strong government presence in the form of three major developers controlled by the ruling family. Several private companies from outside the emirate are also entering the market.
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