New wave of Ajman property developments attracting investors

When talk turns to property investment in the UAE, Dubai is usually the main topic of conversation. However, recently the tiny emirate of Ajman - which it would be fair to say that a few years ago, no one had even heard of - is starting to be mentioned as the next big thing.

A superb two bedroom villa property for only £149,794

With a land area of just 260km2 it’s hardly surprising that this compact emirate has been overlooked by many, but to avid investors in Ajman property, size matters not a jot.

Ajman’s low property prices which average around 650 (AED) per square foot, compared to Dubai where the average price is nearer 1600 (AED) per square foot, are attracting ever-increasing numbers of investors.

Ajman’s proximity to Dubai is also seen as a major plus point; many of the new wave of property developments are situated close to the Emirates Road which means that Dubai International Airport is reachable within 25 minutes, with Dubai’s headline-grabbing tourist draws only a short car journey away.

Add to this the prospect of the new Dubai Metro system being extended to link to Ajman, the massive port redevelopment and the millions of dollars of investment by the Government of Ajman into a raft of major infrastructure projects, and it’s easy to see why this dynamic emirate is finding favour with switched-on investors.

Arguably, two of the most appealing new property offerings are the Burj ul Ain Tower and the Chapal Flora Residences, both of which are located conveniently close to the Emirates Road.

Stylish, studios at the Burj ul Ain are available for just £41,321 (GBP). One bedroom apartments start at £61,589 and two bedroom units can be bought for only £90,859. Burj ul Ain properties also come with an unprecedented 9.69% rental guarantee, making them an ideal purchase for buy-to-let investors.

Although villa properties in Ajman are relatively rare and as such, much sought-after, it’s possible to pick up a two bedroom, two bathroom villa with private covered parking at the Chapal Flora Residences (pictured) for as little as £149,794.

Ajman may never rival Dubai in terms of fame and glamour, but with such advantageous property prices, convenient closeness to Dubai and a forward thinking government eager to attract inward investment, Ajman is beginning to make its mark on the world of international property investment.

For more information on the properties mentioned, call (00 34) 952 765 993