The light at the end of tunnel.. maybe
Khaleej Times Online > NATION
Khalifa gesture heralds hope
Afkar Abdullah
3 March 2011
AJMAN/SHARJAH — The gesture of the President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, ordering the investment of Dh5.7 billion for the expansion of the water and electricity supply sector, will contribute to infrastructure development in the Northern Emirates, said shaikhs and top officials.
The move also will help give electricity connections to the new buildings and end water shortage in Sharjah and Ajman, they said.
Shaikh Rashid bin Humaid Al Nuaimi, Chairman of the Ajman Municipality, said Shaikh Khalifa always supports development of the national economy and infrastructure, which has made the UAE one of the most advanced countries in the region.
The gesture will have positive effects in the field of investment and will play a great role in re-energising the real estate sector.
Ajman rents
Rents plunging in Ajman
12/03/2011 07:07:52 AM GMT
Saturday, Mar 12, 2011
Gulf News
Residents leaving due to power connectivity problems, poor water quality, lower rates in Dubai
Dubai Rents in Ajman are plunging due to the abundant availability of apartments, residents said.
Several residents attributed the surge in availability of apartments to the steady outflow of residents to Dubai where the rents have fallen drastically.
“Rents started declining around six months ago and are still continuing to fall since many people are moving to other emirates,” Fadil, an apartment BRoker in the city, said.
Rates
He said annual rents for two-bedroom apartments have fallen to Dh18,000 to Dh25,000 while those for one-bedroom apartments are about Dh14,000 to Dh16,000.
“Earlier many people who worked in Dubai opted to live here because it was much cheaper, but this has changed since the rents in Dubai have come down significantly,” he added.
Dhanesh Khorana, a former Ajman resident said: “There was a time when I used to spend two to two and a half hours driving from my home in Ajman to my office in Jebel Ali. I used to spend over Dh750 on fuel alone.”
He has now moved closer to his office and saves both time and fuel, he said.
Major issues
“Lack of availability of power connection in many buildings and poor quality of water are major issues here,” a resident, who asked not to be named said.
The building he resides runs on a generator, he said, adding that this arrangement is not uncommon.
housing
By Rayeesa Absal ?Staff Reporter
© Gulf News 2011.&All rights reserved.
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Source: Bing
Very Helpful
Enlightening, informative, helpful, exactly the type of posting that gets our buildings built and money returned.
Thanks!
Hi
They need to start acting not just talking, get a move on Shiekh!
This Sheikh is tooooooooo
This Sheikh is tooooooooo careful with his money! go on mate take a risk like Sheikh Mo!