Most investors know that high oil prices mean increased building costs, but Ajman property prices still remain the lowest in the UAE.

The Emirates by night

The cost of raw materials such as steel and cement which are extremely energy intensive to produce, have push up building costs throughout the world. These costs are in turn passed on to property purchasers.

Despite the recent increases, Ajman real estate is still an attractive option, particularly when compared to property in the rest of the UAE. Last year the average price of property in Ajman stood at around 400 Dhs per sq ft, now the price is nearer 600 Dhs per sq ft. However, when you consider that the average cost per square foot in nearby Dubai is approaching 1600 Dhs, you can why Ajman continues to attract buyers.

As the price of Dubai property becomes increasingly expensive, many locals are purchasing in Ajman and commuting to work in Dubai. Those who prefer renting are eschewing the high rents of Dubai in favour of Ajman where monthly rental costs are more affordable.

As a result of this switch in buying/renting patterns, property close to the Emirates Road which links Ajman to Dubai is becoming particularly sought-after.

Apartments at the newest developments such as the Burj ul Ain and the Lake Signature Tower can be bought for a fraction of the cost of similar apartments in Dubai, and their proximity to the Emirates Road mean they are ideally placed to take advantage of this new trend.

Ajman Property Report - 18th September 2008

MENAFN Press reported that the Board of Directors for Ajman Marina the USD 3 billion waterfront development on the shores of the Emirate of Ajman have appointed the hugely experienced Mr Abdullah Saud Al Dehaim as Deputy CEO.

New Marina project will interest Ajman property investors

Commenting on the announcement, Mr Abdullah Al Majed Head of the Executive Committee of Ajman Marina’s Board of Directors said that “It is with great pleasure that we make this appointment. Mr Abdullah Saud Al Dehaim offers the company a wealth of experience in the fields of international project management and investor relations and he will be a valuable asset to Ajman Marina over the coming years, as we move forward with this landmark project.”

Mr Abdullah Saud Al Dehaim said that “It is both a privilege and a pleasure to be offered this post. Ajman Marina is an exciting project with international importance and I look forward to using my skills and experience to ensure the successful completion and running of the development. Ajman Marina will be the jewel in the shore of the Emirate of Ajman and I aim to ensure and consolidate its position as such.” He has a diploma in English Language and Business English plus experience in high-profile projects in Turkey and the Kingdom of Saudi Arabia.

Ajman Marina is a brand new development based on the coast of Ajman, the smallest of the seven Emirates. It encompasses a range of commercial and residential real estate developments, including 8000 freehold residential units, as well as all associated amenities and infrastructure covering a total of 17 million square feet.

Source: steelguru.com

Ajman Property Report - 9th September 2008

The recent announcement that the United Arab Emirates is expecting visitor numbers to rise to 11.2 million by 2010 has been welcomed by Ras Al Khaimah property buyers.

View of La Hoya Bay

In recent years the Government of Ras Al Khaimah has been successfully promoting this relatively unknown emirate as an ideal tourist destination. At the same time the government has spent millions of dollars upgrading tourist infrastructure and adding more hotel rooms to meet an ever-growing demand.

Between 2001 and 2006, there had been a 47 per cent growth in visitors to Ras Al Khaimah. However, in 2007 alone, the emirate recorded an incredible 40% rise in tourists. The UAE as a whole expects to attract over 15 million visitors by 2015.

One of the largest developments taking shape in Ras al Khaimah is Al Marjan Island which is actually a series of interlinked man-made islands spectacularly projecting outwards into the Arabian Gulf. When completed, Al Marjan will have several new hotels, thousands of new apartments and a high-tech business village. The island will also add several more kilometres of beaches and waterfront.

The first of the new developments on Al Marjan Island is the La Hoya Bay Residence. In terms of design appeal and on-site facilities, this superb waterside complex compares favourably to the new island developments in nearby Dubai, however, properties at La Hoya Bay are more than 30% cheaper. This notable price differential is leading many switched-on investors to purchase Ras Al Khaimah properties. The anticipation of healthy rental returns from both tourism and business lettings, is also attracting serious property investors.