Other Emirates Property Apart from the popular and successful Emirates of Dubai, Ras Al Khaimah and Sharjah, the Emirates of Abu Dhabi, Umm Al Quwain, Ajman and Fujairah have also got onto the property bandwagon. Various real estate projects have been announced in these Emirates and they are all starting to witness the beginning of what could be a property boom. Overseas investor exposure has been limited in these areas primarily due to the land laws and limited exposure to these areas. But that is all going to change soon.
| | Forum | Last Post | Threads | Posts |
 |  | The Abu Dhabi property market came into the limelight when the Abu Dhabi government issued a law allowing foreigners 99 years leasehold ownership of select projects in the Emirate. Prior to this law, property ownership was restricted to locals and that too, within a select few. Abu Dhabi has announced a number of large scale projects, some even grander than those in Dubai. Al Dar Properties was the first company in Abu Dhabi to announce projects that allowed foreign ownership. Do you think Abu Dhabi will be as successful as Dubai? What kind of returns can investors expect in this market? Have you invested yourself in Abu Dhabi? Open up your suggestions and views here. | |
22-07-2008 04:59 PM |
| 18 | 52 |
 |  | The property ownership law of Umm Al Quwain states that foreigners are allowed to own property, but not the land, which complicates the ownership issue a little. Foreigners are still not convinced that Umm Al Quwain will live up to the investor expectations and hence property uptake has been very limited. Tameer, the largest development company in Umm Al Quwain, is developing a project called Al Salam City which is due to complete by 2010. Has investor uptake been good on this project, and if so, what have the returns been? Will Umm Al Quwain be successful in boosting its property market? Share your thoughts and views here. | |
04-09-2007 04:26 PM |
| 3 | 6 |
 |  | Ajman was the second Emirate to follow suit after Ras Al Khaimah to open up its property market to foreigners. 15 freehold residential projects were announced initially, and one of the largest development being announced by Tameer. Ajman property prices have been lagging behind the other Emirates of Dubai and Sharjah, and investor uptake has been average with the limited exposure Ajman has got overseas. However, residential uptake has been good with people being priced out of Dubai and Sharjah. If you have a story to tell about Ajman, or have invested there, or just want to share your opinion, shout it out here. | |
17-07-2008 01:45 PM |
| 13 | 87 |
 |  | Fujairah has probably been the last Emirate to get on the property bandwagon. Fujairah's efforts to enter the freehold property market have been very limited and the only project announced so far has been the Al Jabar Tower which consists of apartments, shops and showrooms. The Al Jabar Tower is being developed by Al Jabel Contracting. Fujairah has had very limited overseas exposure and as a result, overseas investment has been almost negligible. But local investors have still snapped up quite a few units. Are you one of them? Do you believe in the Fujairah property market? Share your views and opinions here. | | Never | 0 | 0 |