Ajman is the smallest of the 7 United Arab Emirates, and is promising to be the next Dubai. With a local population steadily increasing, plus a growing influx of visitors, this Ajman investment is expected to be a solid one.

Current prices are similar to those in Dubai in 2002
Freehold property ownership

Resident visas are available
No personal income tax, property tax, rental income tax or capital gains tax
The new Ajman International Airport expects 2 million passengers per year at inauguration in 2011
Ajman properties witnessed a 30% increase since the December 2007 announcement of the new airport
1.5 miles from the beach
The Investment
Located in the district of Awali City in Ajman, this development offers the investor the following advantages:

Pre-release prices with two payment structure options
5% discount available when opting for payment option B (see payment schedule)

Capital appreciation of 25-40% per annum
Rental returns of 7-12% per annum (Ajman's rental rates rose 70% in 2007)
In 2007 price per square foot increased from 300-500 AED for residential properties

City centre investment in an area of parks, lakes, schools and leisure centres
Environmentally friendly building, powered partially by solar energy
Interest-free two year payment plan
No capital gains or rental income tax
The Exit Strategies
High rental potential - current population of 260,000 increasing dramatically.

Visitors projected to increase to 15 million by 2010

Resale for a 2% transfer fee
The Security
This IPIN project is a pre-licence / pre-launch opportunity, which means that upon receipt of licenses, the development's prices will inevitably increase.

The developer has a proven record and much of the security lies within that.

Approved by the UAE government's Real Estate Regulatory Agency - RERA
The Developer
In addition to the current Ajman building, the developer has constructed a hotel in Dubai, and is building two additional residential projects also in Dubai.