No trouble at the top this month – the United Arab Emirates held onto the top spot in TheMoveChannel.com’s investment property watch for November, which charts the level of interest in certain properties and countries from visitors to the site…
It’s the UAE property at the top of the charts once again. Despite scaremongering in the press about prices having that much further to fall thanks to its massive property boom over the last few years, people remain interested in the emirates.
Dubai and Ajman (the latter is the smallest of the seven emirates) have generated the highest level of interest- Dubai for all the wrong reasons at present.
Despite its size, properties in Ajman are tipped to become a future property hotspot. Close enough to Dubai to enjoy its amenities and job market yet quiet enough for a peaceful life, Ajman is appealing to a broad spectrum of investors.
Prices in Ajman have not gone though the roof like those in neighbouring Dubai, so property in the emirate is still relatively affordable. Plans are in the pipeline for a new international airport which will make access easier and push prices higher.
The Government of Ajman has strived to make it easier for foreign investors to buy into the emirate, offering a range of benefits to both individuals and companies who are interested in investing in Ajman.
Unless you have been hiding under a rock for the last few years, you will have heard about Dubai and its meteoric rise to property stardom. It has been one of the key markets for investment in property.
Whilst some planned developments are being put on hold due to the financial downturn, there are still cranes dotting the skyline in Dubai and investors are still interested, as shown by our November investment property watch.
Dan Johnson, Director of TheMoveChannel.com, said, “Three projects in the top ten for the UAE reflect the fact that buyers still seem eager to participate in Gulf property market.
“But while Dubai may be hogging the headlines for the wrong reasons, the nearby emirate of Ajman is currently attracting the lion’s share of investor attention, thanks to a spate of new project launches at prices that are significantly lower than those available in Dubai.
“Although excluded from this report, the UK has also featured heavily in the last few months, as investors turn to discounted property in English cities such as Liverpool,†added Mr Johnson.
To keep track of TheMoveChannel.com’s hottest property investments throughout the month, please visit the Investment Property Portal on our website. Check out our new commercial properties for sale at our brand new commercial site http://commerical.themovechannel.com
-ENDS-
Notes to editors:
TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.
For further information as well as images and interview possibilities, please contact:
Dan Johnson
Managing Director
www.themovechannel.com
0207 952 7650
