Ajman Forum

01/JUN/2009
New HSBC Report: UAE property market starts its comeback

Property prices in Dubai are bottoming out with initial signs of confidence returning to the market, new research said yesterday.

"Distressed stock is gradually clearing, with further signs of consolidation as volumes continue to pick up. Also, more recently, mortgage providers have moved to ease their requirements, raising loan-to-value (LTV) and relaxing credit norms, which we view as a further sign of some normalcy returning to the market," HSBC said in its "Property Ladder" report.

I just read a post that Ajman if forming RERA like body here: http://www.emiratescity.org/content/ajman-plans-rera-body-emirates-busin...

I'm now very confused.......
Does this mean that Ajman does not come under RERA????

I thought RERA is for the whole of UAE.

Pls advise.

Ajman Boulevard by AA Properties, promoted by GoWealthy

A boat manufacturer, O2 Marine, on Sunday launched a Dh19 million factory in Ajman.

Operating for six months now, average sales during the first year of operations are expected to touch Dh10 million, according to officials.

Saud Jamal Al Shaali, managing director of O2 Marine, said that the company is targeting a market share of 10 to 25 per cent as the demand for boats is expected to grow steadily.

"With all the projects coming up, the industry is booming. The current factories don't really cover all the requirements of the market today.

Ajman Marina to build its own power plant

Yasin Kakande

* Last Updated: October 20. 2008 9:58PM UAE / October 20. 2008 5:58PM GMT

The National

AJMAN // Ajman Marina is to build its own electricity generating plant to ensure it is not affected by a power crisis in the emirate, its developers announced yesterday.

Hundreds of new buildings in Ajman are empty as the Federal Electricity and Water Authority and the local authority wrangle over who is responsible for supplying power. As a result, developers are losing millions of dirhams and businesses are being forced to close.

The lack of proper roads in the Ajman industrial area, where pipelines are being installed to improve the sewage and drainage systems, is upsetting company owners who said that their businesses are suffering as a result.

Owners of shops and industries in the area did not want their names mentioned for fear.

They complained that the absence of proper alternative routes hinders local and foreign customers from visiting the area, and portrays a negative impression of the city.