Monday, March 1, 2010

Ajman

Ajmān is one of the seven emirates constituting the United Arab Emirates (UAE). With an area of just 260 square kilometres, Ajman is the smallest emirate by area. Its seat of government is Ajmān, which is bordered on its north, south, and east by Sharjah Ajman is another word for a small city in Arabic.

Located along the Persian Gulf, Ajman also controls Masfut and Manama, two small, inland enclaves that are primarily agricultural. Approximately 95% of the population of the emirate resides in the city of Ajman. The population was only 36,100 in 1980 but grew considerably in recent years, due to an influx of people from the neighbouring emirates of Dubai, Sharjah, and other countries. Ajman is ruled by Humaid bin Rashid Al Nuaimi of the Al Nuaimi tribe. The Crown Prince of the Emirate is Sheikh Ammar bin Humaid Al Nuaimi. Ajmān has experienced massive development and a construction boom in recent years.

After the success of freehold property in Dubai, Ajman was the second emirate to offer freehold property. Ajman is currently the only emirate in the UAE offering investors of any nationality fully transparent true 100% freehold ownership on real estate, which in turn has attracted a huge number of investors (local and international) to this emirate. This in turn has prompted the Ajman government to initiate a number of development projects.

New Ajman is the name given to the area being developed outside of the current Ajman city, located by the Emirates Road. New Ajman will consist of many new developments and projects envisioned by Chief of Municipality Sheikh Rashid Al Nuaimi. One of the first developments of New Ajman is called "The Emirates City", a brand new city located directly on the Emirates Road to be built from scratch and consisting of more than 100 mid- and high-rise buildings. A number of shopping malls, hotels and residential villas are also planned to eventually extend all the way to the 'Al Zoura' area, where beachside developments are planned.

The construction of Ajman International Airport began in the second half of 2008 in the Al Manama area of the Ajman. Airport operations are scheduled to begin by 2011, and the airport is expected to host about two million passengers per year.

Following is a list of planned freehold developments in Ajman, although some real estate projects may be delayed or cancelled, due to the financial crisis of 2007–2010. That has also caused property prices to fall considerably throughout the United Arab Emirates, including in Ajman.

  • Ajman Green City
  • Ajman One
  • Ajman Marina
  • Ajman Pearl
  • Ajman Uptown
  • Al Ameera Village
  • Al Humaid City
  • Al Ittihad Village
  • Al Zorah
  • Aqua City
  • Awali City
  • Emirates City
  • Emirates Lake Towers
  • Escape Equestrian Community
  • Eye of Ajman (Ain Ajman)
  • Marmooka City
  • Park View

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