Ajman Freehold Properties - Advantages And Demand

By Author: William King
Total Articles: 365
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Freehold ownership gives the owner absolute right over land or property. He can build anything (which does not violate the country's law in other ways), resell to anybody, or rent it on whatever conditions. Unlike most other parts of the world, not everyone was granted the freehold ownership in UAE sometime ago. Foreigners were only allowed to rent properties, or at most a 99-years leasehold was all they could get. Most investors were reluctant to invest in UAE real estate back then, given the limited set of benefits they were able to obtain out of that investment. It was the Dubai government, who broke the shackles and came up with some freehold property zones. Foreign companies and individuals were allowed to acquire freehold ownership in these areas. Although the owners were not granted permanent residence visas, as advertised by some developers, still the step really worked for Dubai real estate and an investment boom followed. After that, it was just a matter of time that other estates started to follow in Dubai steps.

Ajman, the smallest in United Arab Emirates was the second one to follow in 2004 after Ras Al ...
... Khaimah. Ruler of Ajman, Sheikh Humaid Bin Rashid Al Nuaimi Amiri has recently issued new law under Decree No. 7 and 8 for Ajman real estate regulations. The introduction of the new law resulted in immediate price hikes as Ajman cemented its place in the real estate investor's next priorities list. Such investment opportunities are quite rare these days where capital appreciation can show a 200% growth with seemingly less risks involved than any other investment alternates. Growing population, high demand, low prices, investor-friendly regulations, these are the reasons that despite being the smallest of all seven estates, Ajman is next only to Dubai and Abu Dhabi in terms of real estate growth in UAE.

Ajman actually bypasses Dubai and Abu Dhabi as an investment prospect in terms of short-term gains because the prices are significantly low as compared to Dubai. More and more people are looking to live in Ajman, which is only at 30 minutes drive (approx 35 km) from Dubai. Being so close to Dubai and anticipated to grow significantly in coming days, Ajman presents an excellent opportunity for those who were priced out of Dubai property market. Great location, Freehold properties, more than 20 years of tax-free operations, no personal income tax and many other advantages have helped to set Ajman property demand in the right direction.

William King is the director of UK Wholesalers Dropshippers & Trade Suppliers Directory: http://www.wholesalepages.co.uk , Pakistan Properties & Real Estate Property Portal: http://www.zameen.com and UAE & Dubai Real Estate & Property Portal: http://www.bayut.com . He has 18 years of experience in the marketing and trading industries and has been helping retailers, entrepreneurs and startups with their product sourcing, promotion, marketing and supply chain requirements.

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