Hello Psychiatrist,

Thanks for your insightful (and assuring) reply.

And yes, you're quite right, after your post I ran another check on the net and found that there is indeed a Malysian company invoved with providing addition electricity supply. This definately sounds like a positive step on the Ajman government's part.

If you would be so kind to allow me to pick your mind about the medium term appreciation of this property, what do you reckon the price per sq ft. would be for a 2-Bed in Humaid City in:

June 2008 - Dhs.345/- per sq ft (approx.)
Dec 2008 - Dhs.400/- per sq ft (approx.)
June 2008 - Dhs.500/- per sq ft (approx.)
June 2009?
June 2010?
June 2011?
June 2012?
June 2013?

This reason I ask this is that from whatever little I know about the capital appreciation of off-plan projects, I've beleived so far that it would usually occur in 3 spikes (on an aggregate): first - immediately after complete sale of more than 50% of the project, second - where half the construction work has been completed, third - after handover. Do you have any thoughts about this being true /absurd at all?

Also, this project in Humaid City that I'm looking into is due for completion in 2011 mid with a payment plan uptp 2013. So when ready, how much rent do you estimate I could reasonably expect to get for a 2 bed room in Humaid City.

Appreciate your views on this.

Regards,

Ketan