I have got a 1 bed flat in Lakeview Tower in Emirates City at the highest floor. It costed me 575 per sq ft. I could get slightly cheaper than this one in the same tower but on the lower floors which I wasn't ready to go for as I was contineously thinking of its future potential value.

I hope I have made a right decision. Any comments would be appreciated.

hi mcvelvet, please could you pass on the agent details at suas5 at hotmail as your comments sound interesting and i am planning to buy in ajman

i was thinking of booking a 1 bd as your comments seem interesting
please can i have the details of the agent if it doesn't bother you
suas5 at hotmail
thankyou

Emirates Lakes Towers is a prime area and most of the properties here have good specification. One particular property has caught my eye.
This is from GSS Real Estate - GSS 5th Avenue and comes with a very attractive 5 year payment plan. I am considering buying a 2 bedroom apartment - about £76K from their UK agent Openshore Property. They say you only need to find about £50K over 3 years - the rest can come out of rental income over years 4 & 5. This seems quite good.
Has anyone got any experience of GSS Real Estate. Have they got a website?

Construction update of Emirate City. More pictures of all ajman projects on same site

What rate psf did you buy at

Quote:

Marmooka City

I have been offered 525 PSF Full Floor and car park 30000.00 AED on the 11th floor at a 10% discount to developer list price.

Can anyone recommend any other good developments at around this price in Marmooka City in Ajman

can any update us on the issue of freehold residency visa, a news was circulated in Gulf news that Ajman Gov. has stoped issuing residence visas to freehold property owners !!

yes it is on the cards. but not sure if they are going to apply it or not. i dont think they cab go with it. they promise it. and people are coming for visa. so i hope they will put it back

golto

There are underlying facts about investing in Ajman today.

First of all, the Emirates of Ajman is today just where Dubai was back in 2004 and the Ajman's Real Estate sector will be following the same trend as Dubai.

Property price index in Ajman has increased of 30% in 2008 and is expected to reach 40-60% in 2009.

The major real estate developments have been launched in Dubai in the year 2000. This is when Dubai started its boom. Today, property prices in Dubai have gone sky high and the global real estate market in now shifting towards the other Emirates. Dubai was the first of the seven Emirates to implement the freehold law and Ajman is the second one up to date. If Dubai succeeded and successfully positioned itself as a safe environment for investors and entrepreneurs, now time has come for Ajman to follow the "Dubai Model".

In a few years, Dubai and Abu Dhabi will not be THE ultimate destination or prime location for entrepreneurs. The reason is quite simple. Upon the first hand over of projects in Ajman, property prices in Dubai and Abu Dhabi will be extremely expensive and unaffordable. Nevertheless, people from around the world will always be attracted to start their business or expand their business into the UAE. The major reason is of course its tax free law. Those end-users who will not have the financial ability to settle in Dubai will be able to benefit from the economical growth of Ajman.

These are facts that cannot be underestimated nor denied. How would have thought that a desert like Dubai would become like New York and even better? Well, it happened and we did witness Dubai taking over the world. Even though, the Dubai Real Estate Market has reached maturity, it is still not on the verge of breaking down, but it has become a place where only the "Elite people" can afford to invest and profit from their investment. That is where Ajman’s competitive property prices tend to fill in the gap and provide a new opportunity for future investors and entrepreneurs.

Contact me for unmissable investment option...

Regards

Some projects in Ajman have very attractive payment plans over 3 years. (5% on booking, 10% after 1 year, 10% after 2 years and 70% on completion.)