New Apartment / New Home, Residential Letting, Spa, swimming pool, parking, Security, Clubhouse, garden, air conditioning
The pricing of this property is extremely competitive and is a fraction of the cost of properties just a few kilometres away in Dubai, the fabulous location of these properties offers excellent rental potential. The developer has put together a number of purchasing options for those investing in this project.
Payment plans are available, including some over three years, alternatively there are a number of a investor packages. One option is that the developer will rent your unit from you for two years from the purchase date, whilst under construction, at a a rate of 8% annual return for both years, paid up front.
Ajman will benefit greatly from the construction of the Ajman International Airport, expected to host about two million passengers per year, and work is projected to commence by the beginning of 2009 in the Al Manama area of Ajman, airport operations are set to start by 2011. For those wishing to commute between Ajman and Dubai, the travelling time is approximately 20 - 25 minutes by road.
The development of the Free Zone Authority in 1996 gave great incentives to companies in the Free Zone. Indeed, in the last few years the number of companies taking advantage of these incentives has quadrupled. There are plans for massive development in the Ajman ports to improve facilities to world standards.
Development Details
Beautifully and contemporary designed Studio apartments Concealed Car Parking Interest free, 2 Year Payment Plan Environmentally friendly building with partial solar power Health Club with latest fitness equipment, Sauna and Jacuzzi Swimming Pool, Gardens and Sun Terrace Professionally-landscaped Roof Garden and Green Space Retail Mall with a selection of Restaurants, Cafes & Shops Luxury Hotel on top four floors 24-Hour Maintenance and Facilities Management Quality amenities and finishing throughout each Unit Optional Furniture: Prior to the completion date, a full-range of Household Furniture Packages will be offered for sale & delivery at an optional, extra charge White Goods Package will be available at an optional, additional charge Parking
Most apartments will have a parking space allocated and defined for sole use Studio Type B will have access to shared parking Recreation
Nearby Golf Course Close to the City Close to the Beach New Property Hotspot
Ajman is the new property hotspot with prices similar to Dubai in 2002
Future Demand
Population of around 260,000 set to increase dramatically
Tourism
Visitors set to increase to 15million by 2010 and 40million by 2020 for Dubai surrounding areas like Ajman will benefit
New Airport
The new Ajman International Airport will greet approximately 2 million passengers a year after it opens in 2011. Ajman properties witnessed a 30% increase on the announcement in December 2007 of the new airport
Capital Growth
In the past year, prices have risen from 300-500 AED to 450-700 AED per sq ft for residential and commercial properties respectively
Land Values
The value of land has doubled in the past year
Whay Awali City?
Ajman is currently the only emirate in the UAE offering investors of any nationality true and fully transparent 100% freehold ownership on real estate. This has attracted a surge of investors to the region, which in turn has prompted the government to initiate a number of development projects.
One such project is New Ajman, on the Emirates Road. Awali City is a part of this development and includes commercial and residential properties, essential services and infrastructure. Awali City will have excellent transport connections and quick and easy access to the proposed International Airport and Dubai's financial heartland. The Cavendish will stand in the heart of Awali City with road frontage onto Emirates Road.
Land Area
4.8 million sq ft
City Advantages
Completely self-sufficient ‚city' within Ajman Arab CityClose to this area of international shops, leisure & entertainment facilities Beach
The Cavendish is about 1.5 miles or 10 minutes to the beach
Features
Lakes Lush Grounds & Parks Pedestrian walkways Local transport Schools & Education Facilities Supermarkets Medical Clinics Entertainment facilities Shopping, Dining & Leisure Attractions