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An Overview of the Ajman Property Market Part 1

Wednesday, September 24th, 2008    Posted by OP-Mall in Ajman Property

Ajman MarinaBack in May we posted an article about the Ajman property market and how things are heating up in this smallest of the seven UAE emirates. As it turns out, our hunch was correct. Ajman has since heated up considerably and with neighboring Dubai becoming more and more expensive and unaffordable for many, Ajman has been the emirate of choice for many investors and developers as of late.

Therefore we will cover the Ajman property market over a three part post series to give you information on investor strategies, property prices, infrastructure, the newly reformed Ajman property law and where all the action happens right now.

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Is it Really Doom in Dubai?

Thursday, August 21st, 2008    Posted by OP-Mall in Dubai Property, UAE Property

palm-jumeirah-island.jpg Palm Jumeirah Island

Is Dubai heading for a property melt down? Recent reports by Morgan Stanley and the WSJ suggest so but we think otherwise.

According to the WSJ, property flipping has not only become a sport of sorts for investors, but a very profitable one at that.

When the Emirate allowed foreign property ownership for the first time in 2002, real estate transactions were estimated to be around AED38.7 billion Dirhams. Last year, this figure rose to AED462 billion Dirhams which relates to US$125.8 billion roughly.

The RERA (Dubai’s Real Estate Regulatory Authority) is looking to crack down on the practice of property flipping in the emirate.

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