There is one location in the UAE which is attracting incredible interest, proving many of the benefits of Dubai, however at a fraction of the price. For those investors that have missed the boat in Dubai and who wish they had seized the opportunity to invest 6 years ago, there is a new option, which whilst not providing the über-chic cool of Dubai Marina, does provide the benefits of zero tax, capital appreciation of 20% per annum, and stunning 1-bedroom property with study from only £70,000. There are even extended payment plans requiring a deposit of less than £7100 and monthly payments of only £700.
Whilst the prices are low, the quality is high – transport links are excellent and the locations provides everything a tenant requires – convenience, large stylish properties, easy access and low rent compared with Dubai, only 30 minutes drive away.
This is Ajman – one of the Northern Emirates; part of the UAE and located between Sharjah to the west and Ras al Khaimah to the East. Construction and real estate is booming, industry and business growing at a healthy rate and the international airport has just been agreed with construction starting, now only a couple of years away from being able to take 1 million visitors direct into the emirate.
Whilst investors looking at Sharjah as a slightly cheaper location to Dubai to try to capitalise on the spin –off rental income from the burgeoning Dubai property market, Ajman provides something different. Considered the third emirate behind Abu Dhabi and Dubai, Ajman is looking to the business world and is providing a lower cost alternative, with the same favourable tax laws, i.e., none, and the infrastructure to enable business to grow and develop.
With commercial property in Dubai difficult to find and expensive to purchase many small to medium businesses are purchasing commercial property in this emirate to take advantage of the excellent transport links and low square foot prices. Residential property is also at a premium, with a good demand from the local market, a growing need for housing for the workers in the region, local biusiness housing, in addition to a spill over from Dubai.
The location is a good holiday spot in its own right, offering quiet sandy beaches and a holiday destination away from the hustle and bustle of Dubai and the bright lights of the big city.
One of the major growth areas is Marmooka City – A mixed use zone combining convenience with style, and the chance to purchase now in the most prestigious plots. As Emirates City next door has sold, with the best plots already taken and fully sold, Marmooka City offers the chance to secure units in the best positions within the zone at the lowest prices.
To find out more and secure your chance in this lucrative up and coming investment market, please contact us at invest@upaworld.com


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