Emirates City
Hi Guys,
Anyone has an idea about the price raise expectation of the sq feet properties in Ajman within the coming 2 years,
Is it a good investment to buy a flat in Emirates City, what about the infrastructue plans and the electricity issues?
Thanks,
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Hi,Now AJMAN is the best to
Hi,
Now AJMAN is the best to invest. Yet NO Bank Mortgage is possible and so, the current rate is low. Once the new AJMAN Bank opnes for public, the price will be touching 700/sq. ft in this year End(Dec 2008).
By end of 2009, completion of Buildings and the so called Cities will shape up. (You must have noticed 8 cities around 16 km on Emirates Road) It will reach AED 1000/ sq.ft.
Y ?
Dubai price will touch 1500 by the end of 2009. It is no surprise if Ajman prop will touch 70% of Dubai's rate, then
. i.e it will be around 1000. UAE will be a different country then, FIFA fever is already started. Almost all the projects will get over. Metro, the biggest Mall, Highest Tower, museams, parks, etc...etc.
Another reason for the stated price, is the material cost.
Cement was AED. 180 in 2006 and currently it is 395/ton
Steel was AED. 3000/ton IN 2006 AND 4800aed/ton, NOW
BRICKS 1.75 IN 2006 block 2.5 NOW
So, now materals scarcity is experienced and the price is going up., but, the Building's sq. Ft price is not increased yet ...... it will defenitely increase.....LOGICAL ?
Ajman's Future?
Hi John,
Your comment is very valid that with current trend in material cost almost doubled up price wise and upon the completion of the EC projects is bound to attract more investors and the price hike to follow the suit.
However, I do not want to sound pessimistic but the Ajman Government need to play its role on the priority basis for the price hike to continue at at a decent rate and look into building infra structures and address the big concern about water and electricity shortge which is applicable to Ajman along with Ummal Quain, RAK, and Fujeira.
Lee
Big Challenges: Water and Electricity
Water and electricity are real challenges and the major problems we are going to deal with as investors in future.
Chapel Glory
Hi
Can any one tell me any progress on Chapel Glory in EC?
Umed
D04- Chapal Glory
D04 - Preparation for the last slab of parking with this slab parking level will completed, work progress is vey poor and at very slow pace.
chocolate tower
Hi I wonder if anyone know about the progress of chocolate tower in EC? I have paid 50% of the property price and there is no progress on site. Is there anyone going to take legal action on the developer?
cheers
emirates
City Center is considered to be the ultimate leisure shopping and entertainment destination for the northern emirates. most of the projects are not complete they will be complete at the end of 2011.
http://www.bayut.com
Projects will be complete 2011 - Thats a fairy story
You must either work for one of the developers or you are either smoking the wrong stuff in your pipe. Developers they've done next to no work in the last 3 years and now your convinced their going to finish by 2011. There is no electricity and majority of developers are now disappearing such is the case with BL properties who had 6 new projects to complete by 2011, they've taken all deposits and disappeared to Pakistan. The Law won't take any action and the ARRA development authority won't do anything - the contracts are not worth the paper they are written on and investors have no protection whatsoever on their investments. Escrow accounts offer no protection, the developers can make false engineer reports and still get the funds released. Ajman Emirates City and Al Humaid City - ITS THE BIGGEST UAE SCAM IN THE LAST DECADE.
Do no make the mistake of investing into Ajman, all crooks waiting to take you hard earned funds. If you have lots of money and you don't ever expect to see it again then it would be better to give it to charity rahter than investing into Ajman.
I`ll have a pint of what
I`ll have a pint of what your drinking Dubai property.Emirates city will never get finished.
Full Refund
Here is a recent post in the newspapers which I share with you guys;
Two-year or more delay in completion of a project does constitute a reason to cancel a contract and claim a full refund, according to a lawyer.
“This can be governed either by the contract itself that provides for a right to rescind beyond certain delivery. Even if the contract does not provide for such remedy, however, which is the case in many existing contracts, the law does,” Ludmila Yamalova, Managing Partner of HPL Yamalova & Plewka JLT, told Emirates 24|7.
http://www.emirates247.com/property/cancel-contract-refund-if-project-de...
Please post your comments and suggestions on this. Does it really apply to Ajman?
sara
No doubt, I am very impressed about to your thinking because Ajman is one only state, where constructions work is not doing very fast, but foreigner’s investors are very interested for investment in Ajman. I hope that next 2 years will prove to be good for Ajman.
http://www.bayut.com/ajman_ajman_marina_property/real_estate_properties-...
FRIENDS
HELLO MY FRIENDS
APARTMENTS IN AJMAN ARE FALLLLLLLLING DOWN
CHECK YOURS REMAINING BALANCE TO PAY IN EMIRATES CITY AND YOU WILL SEE THAT U CAN BUY A READY APARTMENT IN AJMAN WITH THAT REMAINING AMOUNT THAT U HAVE TO PAY.
FORGET ABOUT YOUR PROJECT.DON'T PAY A PENNY MORE TO THIS GUYS
I STILL HAVE TO PAY 308.000 FOR ONE BEDROOM APARTMENT AND GUYS, ONE BEDROOM APARTMENTS WE CAN FIND IN AJMAN FOR 185.000, HELLOOOOOOOOOOOOOO, I CAN BUY TWO WITH THE REMAINING AMOUNT.
WITH MARKET PRICE,I HAVE ALLREADY PAID MY APARTMENT,LOL