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Q: What is the size and location of Ajman? Q: Why are prices in Ajman so much more affordable than in Dubai? Q: What are the different areas of Ajman? Q: What infrastructure is planned for Ajman? Q: What factors are causing the appreciation in Ajman? Q: What is the Ajman Free Zone? Q: What does the term Freehold mean? Q: What does the term leasehold mean? Q: How does financing work in Ajman? Q: If I purchase in Ajman, am I guaranteed a residence visa? Q: What are the names and locations of the regions in Ajman? Q: What are the benefits of investing in Ajman over Dubai? Q: What are the steps involved for me to secure the unit(s) or floor(s) of my choice? Q: What are some of the payment plans in years that are available in Ajman? Q: How do the payment plans usually operate? Q: What is the minimum amount that I can get started on for my investment? Q: Are there many investments where water views are available? Q: What are the luxuries of Ajman? Q: What is the size and location of Ajman? A: Ajman is the smallest Emirate, located on the Arabian Gulf coast between the Emirates of Umm Al Quwain and Sharjah, covers an area of 259 km² and is only 25 minutes by car from Dubai. Go on Top Q: Why are prices in Ajman so much more affordable than in Dubai? A: The current market in Ajman is comparable to Dubai’s 2 years ago. Prices are extremely reasonable in Ajman right now and this is why it is so attractive for investors and buyers alike. It offers many of the same amenities, is only 25 minutes from Dubai, yet is less well-known, however it is becoming more well-known each day, making prices increase. This is positive for investors looking to maximize ROI and gain appreciation. Go on Top Q: What are the different areas of Ajman? A: There are several hot investment areas currently in Ajman. They include Emirates City, Al Humaid City, Marmooka City, Awali City, Ajman Green City, Ajman One, Al Zorah, AIN (Eye of) Ajman, Park View City and Ajman Uptown, to name a few. Many of these areas have amenities such as access (being located on Emirates Road), lakes, or coastline/beachfront locations and all are attractive from an investment standpoint. Go on Top Q: What infrastructure is planned for Ajman? A: Ajman has announced its plans to build the Ajman Airport (scheduled to open in 2011). This announcement has raised prices in the Emirate by 30%. Last year, the Ajman government also announced 500 Million AED to improve transport links. Also, the announcement of a major coal-fueled power plant (to be completed in 2011) will support electricity demand in the region. Go on Top Q: What factors are causing the appreciation in Ajman? A: The foremost factor causing Ajman’s appreciation its proximity to the commercial hub of Dubai. As previously stated, Ajman is only 25 minutes from the centre of Dubai. The second factor causing appreciation is Ajman’s relative affordability in comparison with Dubai. The final factor contributing to Ajman’s appreciation is the significant effort of the Ajman government to increase the levels of overseas investment in the Emirate. New developments and policies such as the Ajman Free Zone, with its offers of 20 years of tax free operations, no personal income tax and 100% foreign ownership. Go on Top Q: What is the Ajman Free Zone? A: The Ajman free zone is a zone guaranteeing investors 100% foreign ownership, 100% repatriation of capital and profits, 20 years guaranteed of tax free operations and no personal income taxes. Go on Top Q: What does the term Freehold mean? A: Freehold is the legal term for the way that an owner holds the property. With freehold land the owner owns the property/land outright subject only to any mortgages, charges, easements, covenants etc. shown by the deeds. Go on Top Q: What does the term leasehold mean? A: A leasehold property means that the owner does not own the property or the land outright. There is a lease for which a term of years grants the owner the right to occupy the property/land. There may be a rent or ground rent to pay the Landlord. Go on Top Q: How does financing work in Ajman? A: Generally there are payment plans offered by the developers of 1, 3, 5 and in certain cases as long as 7 years. Financing is different from other areas of the world in that it is very difficult to obtain long-term financing from the bank as there is no system to check credit records in the UAE, so instead banks review account turnover (flow of funds into and out of the account). Bank policies with regards to financing are generally very strict. Go on Top Q: If I purchase in Ajman, am I guaranteed a residence visa? A: Recently, the Ajman government has announced that real estate buyers in Ajman will be granted residence visas, provided to project developers in the UAE emirate. This visa will bear a one-year validity period, and will be renewed annually in the emirate of Ajman. Agreements will be signed by project developers with the master developers for issuance of visas. Only an investor or buyer, who gains possession of the apartment will be granted residence visa, provided the developer issues a no-objection letter. Go on Top Q: What are the names and locations of the regions in Ajman? A: There are three geographical regions in Ajman and they each differ considerably according to their distances from the Persian Gulf. The three regions are Ajman City, Masfout region and Al Manama region. Ajman City lies on the 16 kms of Persian Gulf coastline and extends inland. The City is growing daily due in part to the economic and real estate boom in the region. Masfout Is situated approximately 110KM away from Ajman to south east. Masfout is 46 Kms square and consists of Masfout city, Muzairah and Sabeegah. Residents descend from highbred and ancient tribes such as the Bedwat and Bani Kaab tribes. Masfout is famous for agriculture due to its fertile soil, wide valleys and moderate climate. Al Manama is situated about 73 Km inland of Ajman city towards the east. The road through Sharjah and Fujairah passes opposite it. Manama contains many sandy, pebbly plains and also has fertile valleys in some parts. Go on Top Q: What are the benefits of investing in Ajman over Dubai? A: There are significant advantages to investing in Ajman right now as compared to Dubai. Following are a few of these advantages:
Go on Top Q: What are the steps involved for me to secure the unit(s) or floor(s) of my choice? A: The first step is to contact a Realtyna Sales Executive, either by filling out an offline assessment form (make link) or logging into our online chat system (make link) to chat with one of our agents. From there, the agent will identify the absolute best project for you depending on your needs and your criteria. After the project has been chosen, the Sales Executive will send you various details about the project including updated availability and pricing, payment plans, parking schedule, project renderings, project amenities/features list, floor plans and unit views and details. After you have reviewed all of the material, had all of your questions answered and you have chosen your unit(s) or floor(s), your Realtyna Sales Executive will forward you a booking form for you to fill out and return in order to reserve your unit, along with confirmation of wire transfer/payment of the booking fee. The booking fee is to hold the unit and all monies will be put towards the purchase of your unit, this fee is not a charge, rather a guarantee of interest in order to reserve the unit. Following receipt of the booking fee, you have secured your unit(s)/floor(s) and from there you will begin paying the installments as indicated by your chosen payment plan. Go on Top Q: What are some of the payment plans in years that are available in Ajman? A: In Ajman, there is much more flexibility for purchasers and investors in terms of payment plans than there is in Dubai. Payment plans in Ajman can range anywhere from 1 year, all the way up to 7 or even 10 year payment plans, making purchasing your ideal unit/floor very comfortable, affordable and convenient. Go on Top Q: How do the payment plans usually operate? A: In Ajman, there is such a variety of structures for payment plans, depending on the project, location and developer chosen, that it is best to consult your Realtyna Sales Executive who will be more than happy to inform you of all the different payment plans available to you for each project. Go on Top Q: What is the minimum amount that I can get started on for my investment? A: In Ajman, properties can be purchased with as low as 3% initial deposit, making it extremely affordable to jump in on this real estate boom and profit from the high appreciation in the region. Go on Top Q: Are there many investments where water views are available? A: Ajman has much of its area along the coast of the Persian Gulf, offering many purchasers beautiful sea views. In master planned developments such as Ajman One and Al Zorah, there will be many units with sea views to attract and please purchasers in these areas. In addition to this, many of the developments have lakes included in the projects, so there are quite a few projects with water views. In developments such as Awali City, Emirates City and Marmooka City to name a few, lakes and gardens are planned, affording residents beautiful water views. Go on Top Q: What are the luxuries of Ajman? A: There are many luxuries in Ajman; Ajman’s beautiful and pristine beaches are a prominent luxury in a world where waterfront property is so coveted. Ajman’s affordability as compared to Dubai is also certainly a luxury and this luxury may not last long if demand keeps going the way it has been in recent years. Ajman’s tranquil and stress-free lifestyle is certainly another luxury for people who want to be near the hot spots and amenities offered by areas like Dubai, yet don’t want to be in the middle of its frenetic pace. The warmth and friendliness of Ajman’s people are certainly another luxury not to be overlooked as it is very important to choose the best atmosphere in which to live. Ajman’s wonderful master planned communities, with all their planned amenities and facilities are another luxury that will be enjoyed by many people in the coming years. Go on Top |
