As Gulf region is going through a real estate boom, in the sleepy emirate of Ajman property business is at an all-time high. Ajman is the smallest of the seven emirates and the second emirate, after Dubai, to throw open its freehold property sector.
To support the massive real estate boom, the Ajman government is also implementing a $1.4-billion infrastructure plan to secure investor confidence in the emirate of UAE.
There is $2 trillion worth of upcoming projects in all sectors in the Gulf Cooperation Council (GCC), according to market estimates. A humungous $330 billion of this is reserved for civil construction projects. Ajman is also immensely benefiting from the Asian real estate developers, especially from Pakistan, coming to the emirate in large numbers.
Ajman Real Estate News from GoWealthy, 17 August 2008
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