The Ajman Government Office stance on the Resident Visa's is that it is Federal i.e. orders from Abu Dhabi, and the Residence Visa's are on 'hold' at the moment while the situation is being assessed. You must note that this ruling is the same for all of the UAE, including Dubai and Abu Dhabi had not issued Resident Visa's from the beginning and that Emirate has also been booming !

It sounds as if they may become available again as originally agreed, and the Law is likely to change 'a number of times' before completion of most of the projects. Obviously this is not guaranteed. However, I am confident with the ( extremely large ) amounts of investments made by the Government in the infrastructure of the Emirates such as additional Power Stations, Sewage & Desalination Plants, Schools, Highways, Roads, Metro and shopping malls etc as well as the tourism of hotels, Dubai Land, man made islands, the expansion of the existing Airport and construction of another new bigger airport and too many others to mention, they will not 'shoot themselves in the foot' and not look after the investors themselves !

There is talk of issuing an Investors Type Visit Visa that will allow 'extended' stays in the country i.e. annually and multiple entries, but that has not been confirmed yet.

On a another note, The Ajman Bank is expected to open its doors in January, 2009 and it is hoped that at that time Financing & Mortgages of Ajman Properties will become available for the first time that should dramatically improve the Ajman Market, with or without Visa's the prices should go up significantly.

So I can only suggest to carry on as normal in the interim and expect a good return on your investment if you chose to sell, live in or rent out.

Further information, projects, payment plans & prices as well as progress pictures are up to date and available on the web site – AjmanProperty.com

Roger Wilkinson
Managing Director – Northern Emirates Property
AjmanProperty.com