Ajman's proximity to Dubai ideal for investors

Dubai

4th September 2008
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Ajman, the smallest of the seven states that comprise the United Arab Emirates, has been listed among other top destinations as having great potential for overseas property investors.

According to Homesgofast.com, Ajman is ideal for many Dubai workers due to its close proximity to the bustling emirate and desire for foreign investment.

"My tip for the top is Ajman. I see this part of the UAE as Dubai a few years ago and property prices are low; starting from about £28,000," said Homesgofast.com CEO Nicholas Marr.

"Hot property regions reflect the state of the market and the top five countries that appear to be the hottest for UK buyers at this time are, in order, Egypt, Dubai, Turkey, Florida and Portugal.

"All of these regions are providing investors with low entry prices and good prospects for capital growth over a five-year term."

According to Global Realty Partners, in 2007 UAE nationals accounted for only 15 per cent of property purchases in Dubai with 40 per cent going to Asians and 20 per cent going to Europeans.

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