Friday, 22 February 2008

UAE property guide, Ajman Property

Ajman is one of the seven emirates (sovereign states) that make up the United Arab Emirates (the UAE). Ajman is the smallest of the emirates with an area of only 260 square kilometres. The main city of the emirate of Ajman is also called Ajman or Ajman City to distinguish it from the emirate, and to avoid confusion. The emirate of Ajman is geographically located on the coast of the Persian Gulf between the emirates of Sharjah and Umm al–Quwain.

Ajman was the third of the emirates of the UAE to allow foreign freehold ownership of property which has resulted in huge numbers of investors, both foreign and local, expressing interest in the emirate. This interest has, in turn seen the initiation of several property developments in the emirate to cater for this interest. Primary among them is an area known as New Ajman, an area of land along the Emirates Road. This area will contain many new developments and projects which have been envisioned by the ruler of the emirate Sheikh Rashid Al Nuaimi, with the chief development being The Emirates City. The New Ajman area and Ajman city in general is centrally located in the heart of the UAE, it is only a 30 minute drive to Dubai and a 20 minute drive to the Sharjah International Airport.

The Emirates city development is a residential and commercial development consisting of 72 commercial and residential towers ranging from 20 to 50 floors. The development will be surrounded by two lakes and beautiful green parks as well as containing educational and medical facilities, mosques, five star hotels and a shopping district. Interest in the Emirates city development is huge, with several of the towers having already been fully sold.

Al Ameera Village (which is also known as the Princess Village), is another of the freehold commercial and residential developments being constructed along the Emirates Road in Ajman. This development will consist of a shopping mall, commercial areas, a commercial tower, hotel apartments, as well as 41 residential buildings. The development will be fully landscaped with fountains, gardens, parks and a 500 metre long boardwalk. Al Ameera Village will house all of the amenities you would expect from a development of this standard including mosques, swimming pools, gymnasiums, just to name a few. The development also features ample parking and wide roads to make traveling and commuting around the village a pleasure. Al Ameera Village is expected to be fully completed by mid 2008.

The National Centre for Real Investment Development Company has also built, and is constructing several residential towers for freehold ownership in various areas of Ajman City. The Al Naeyiyah towers project which consists of thirteen towers built in two stages was the first freehold residential development in Ajman City. The developers followed with the Al Khor towers that are built close to the Ajman Khor Creek, which are identical to the Al Naeyiyah towers. The next offering from this developer was the Al Rashidiya Towers constructed in the Rashidiya area of Ajman, these towers look similar externally to their other offerings but have a different internal layout.