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Foreigners permitted to own Ajman land PDF Print E-mail
Monday, 16 June 2008 12:08

LAW CHANGE: Ajman has introduced a new law allowing foreigners to own freehold land in the emirate for the first time.

The Amiri Decree No 7 and 8, 2008 was issued by Sheikh Humaid Bin Rashid Al Nuaimi, member of the Supreme Council and Ruler of Ajman, in order to regulate the emirate’s real estate sector, UAE daily Gulf News reported on Sunday.

Billions of dollars are being pumped into Ajman’s property sector, where prices have jumped from $95 per square foot to nearly $136 during the last six months.

Foreigners permitted to own Ajman land - Real Estate - ArabianBusiness.com.
 
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