Portmill developers like other agent’s and realtors concentrating on the area of the U.A.E have identified Ajman as the next Mini-Dubai. This view has been put forward and voiced by potentially the highest authority in the area of Ajman Sheikh Ammar bin Humaid Al Nuaimi, the Crown Prince of Ajman.
In a recent interview when Sheikh Ammar was quizzed on the ambitions for Ajman and his vision for the future,”We want Ajman to become the getaway from the hectic working cities of Abu Dhabi and Dubai, where someone would spend three days working - and three days relaxing in Ajman.”
“Our uniqueness is in our small size and our proximity to the big cities and emirates,”.
It was proved that this was not merely rhetoric when in May 2008 a Dh220 billion (US$59.9 bn) investment was announced. This development will be along the coast that will create a new city called Al Zorah.
Al Zorah will be a joint venture between the Ajman Government and a Dubai-based affiliate of the Lebanese company Solidere. The development involves 12 million square metres of coastal and reclaimed land that will extend the waterfront by 12km.
The largest investment into the area has come from national’s from the other Emirates with some Dh400 Billion already allocated for investments in real estate in Ajman.
Aside private developments Sheikh Ammar has allocated large investments into infrastructure including new roads, bridge’s, bus services, and power generators to meet the demands placed on this rapidly expanding Emirate. Last year the Government assigned Dh500 million to transport links alone. This highlights the reasons why Portmill Estates alongside many other regional realtors are pouring money into this region anticipating rapid rise’s in the value of real estate that we have seen in neighbouring Emirates such as Dubai.
If you where interested in Dubai and missed out on the big returns, do the research and be sure not to miss out on the next Mini-Dubai.
Portmill Estates is a specialist property agency which identifies opportunities primarily in the U.A.E for global investors seeking aggressive returns in their properties portfolio’s. For more free detailed reports CLICK HERE
Tags: Ajman Portmill, Ajman Portmill Estates, Estates Portmill, Portmill Ajman, Portmill Estates, Portmill.
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