Ajman is one of the seven Emirates that make up The United Arab Emirates. Abu Dhabi is the Federal Capital whilst Dubai is regarded as the Commercial Capital of The UAE. The Ajman is one of the Triangle Emirates close to Dubai and Sharjah. It is located strategically for business in the Center of U.A.E.

There are two types of properties available in Ajman one is Downtown Ajman and the other is Emirates Road Area. In Downtown Ajman all properties are being build and manged by the Government of Ajman and no private devloper is allowed to build freehold there.

Some of the freehold properties in Downtown are

Horizon Towers
Al Khor Towers
Corniche Towrs
Corniche Residence
Orient Towers
City Towers
Ajman One
Rashidya Tower
Falcon Towers

On Emirates Road there are many big projects was launced by the private developers some of them are

Emirates City
Marmoka City
Boulivard
Al Awali City
Eye OF Ajman
Humaid City
Escape Ajman
UpTown Ajman
and many more

Both areas are good for investment but Downtown is considerd as top prority amoung investors.

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You know that the master developers are the Ajman Gov even on the projects on Emirates Road. The master plans for example have been done Safarini on behalf of Ajman Gov.

COLDCREST SmartCity Smart City what you think about this it says starting prices 565AED on website.

There are like you say Ali786 a mass of developments being proposed and approved at the moment in the Emirate of Ajman. There is a relatively new project that has not been mentioned in this thread yet called Al Zohrah, it is not so much of an individual project but a new city that will be created by jointly by the government and a private developer. It is going to require investment of approximately $60 billion.

I have created a website with some incorporated promotional video's I ripped from Youtube so if you want to find out more about the area take a peek Portmill Estates

Regards
Paul

I recommend Lake Signature in Emirates Lake Towers. I just got a studio for 32K, and with a great payment plan over 3 years. There are only a few agents selling them but they are offering cheaper rates than the developer.

McVelvet, what rate psf did you buy at Lake Signature? I have been offered 530psf on the 27th floor at a 5% discount to developer list price.

Can anyone recommend any other good developments at around this price bracket in Ajman?

That is cheaper than mine - I got it for 564 and thought that was a great deal.

I don't think you will find anything as good as that in that location - Emirates Lake Towers is in a great spot and others like Humid city and Eye of Ajman don't compare

Happy hunting )

In your opinion, do you think it is worth looking north of Emirates rd to Al Humaid City?? There is a development there (Al Owais Heights) that has a better payment plan (5 years), fitting in nicely with a quick sell in 6 months! It is also slightly cheaper than Lake Signature.

What is your strategy in terms of holding or flipping your unit(s) and your expectations of capital appreciation??

Thanks.

I doubt you will be able to resell in 6 months - the amount of development going on in Ajman means the market for reselling will be a little flooded and only well positioned and high quality developments will have a resale value. You can always find a cheaper option, but their is usually a reason. I was more concerned about the value than the price.

I am hoping to flip in about 8 months to a year, and am waiting to see what is happening with the rental cap in Dubai. The bonus of my studio is it's on the 25th floor, which is a winner...what floor is your offer on in the cheap one? It matters!

Also, I personally think that a development must have something that makes it stand out from the crowd and there are so many being built at the moment - the lake at Lake Signature just makes it in my opinion and makes it that much more appealing when reselling

hey there can you plz forward me some details about the property you have recently purchased? I know u r not selling but I would also appreciate if you can please let me know where you got urs from maybe I could try from the same person too. email me on aulhuq@hotmail.com