ITS OFFICIAL, BIGMAN GIVES AJMAN THUMBS UP!
Khalid Kalban, MD and CEO of Dubai investments (D.I.C)
Question: What is your view of Ajmans property market?
Answer: “There is a spill over from Dubai and Sharjah. Ajman is positioning itself as a location near Dubai. It is investing in infrastructure like a cargo village, Airport and a network of high ways. We are upbeat about Ajman. These projects will be developed over a long period of time, so it is continuous and sustainable development of Ajman; so what is happening in Dubai is also happening in Ajman”
Ajman, the smallest of the seven emirates of UAE is located on the coast of the Arabian Gulf. Among these emirates, Dubai and Abu Dhabi have risen to popularity overshadowing the little Ajman.
The main reason why Ajman has role to power is due to its strategic location. Its close proximity to the already developing city of Dubai makes Ajman as the second subject for development.
Another reason why Ajman is being developed to be like Dubai is the affordable properties it offers. Dubai and Abu Dhabi, being the more commercialized now offer higher rates in real estates and other properties hence leaving Ajman to offer cost-effective rates. For this, many are attracted to settle to Ajman, having the more relaxed lifestyle as an added bonus.
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