Ajman rapidly growing within the property development business in the UAE

The property and real estate market in the UAE is developing at a very fast pace and has become one of the most highly expanding businesses. The UAE has become a cosmopolitan center, attracting businessmen and investors from all over the world and has increasingly become the focus of a high number of expatriates who come with their families seeking steady jobs and a luxurious but affordable lifestyle.

Many important factors have lead to this vast and swift development; the UAE's secure and stable political environment, growing economy and the country's openness in terms of cultural and social integration to name a few.

In general, all of the emirates in the UAE are witnessing immense economical growth and an increased demand for luxurious residential compounds of world standards, paving the way for an enormous rise in competition, especially in property development.

One of the most rapidly growing is the Emirate of Ajman. It is the smallest of these emirates and is located on the west coast between Sharjah and Um Al Quwain and was the first emirate after Dubai to introduce freehold property in the UAE. A freeholder is considered the absolute owner of a land or building and has the right to occupy, use and enjoy his property forever or until he transfers it to a new owner. This new law has opened the doors to huge opportunities for expatriates to buy and own property in Ajman and to enjoy the most superior form of private property ownership. It has appealed to many investors within the UAE and the region and has encouraged planning for many top level projects in the property development business.

Within the various property development projects that have evolved in this tranquil but vibrant emirate is Ajman Corniche Residence, supported by Ajman government and one of Ajman's most distinguishable highlights and residential freehold development projects. The project, owned by Barwa International, offers 100% ownership rights.

Ajman Corniche Residence is located on the Ajman beach road and very near Ajman's surrounding shopping malls, entertainment centers and residential and commercial areas.

It is strategically connected to all the emirates; 5 minutes away from the center of the city of Ajman, 10 minutes away from Sharjah and 30 minutes from Dubai airport. It comprises of seven interlinked towers containing 1 to 4 bedroom sea-view apartments from 1,344 to 5,909 square feet (125 to 549 square meters).

With its distinguished location on the gulf and its gardens and landscapes, Ajman Corniche Residence provides a vast and clear view of the waterfront surroundings making it a luxurious but affordable and ideal setting for residential purposes, commercial or investment. It is an attractive and serene escape from the bustles of a crowded city to a comfortable but luxurious modern lifestyle with extensive facilities and amenities. Amenitites include heath clubs, steam room, sauna, pool, relaxation area, children play grounds, a jacuzzi, anda pavilion. The project is expected to be completed early 2010.

Ajman Corniche Residence heads the Ajman government list of the main real estate and property companies participating in the expansion and development of the emirate of Ajman, the emirate which is successfully attracting the highest number of investors.