Emerging Emirates: Tune in to Ras Al Khaimah and Ajman
Often blinded by the leading light of Dubai and more and more overshadowed by the growing property market of Abu Dhabi, Ras Al Khaimah and Ajman can sometimes be thought of as the forgotten Emirates of the UAE. Things are, however, changing. Ras Al Khaimah (RAK) – the northern-most Emirate and one traditionally known for mining and industry – and Ajman – the smallest Emirate known for fishing and its port – are following in the footsteps of Dubai’s success and growing their economies in a new direction. In both of these United Arab Emirates, property is becoming the new arena of expansion and one that is proving big business for many.
This Sunday 4th May 2008 is set to see an insight into these interesting Emirates and their growing property markets with the ‘Next Big Thing Ras Al Khaimah and Ajman’ programme showing on Real Estate TV, the UK’s leading dedicated property channel, available on Sky channels 273 and 274 and on demand on Virgin TV and at www.realestatetv.tv. ‘Next Big Thing Ras Al Khaimah and Ajman’, is part of the Next Big Thing series showing Sunday nights on the channel, a series designed to shed light on the areas that are up-and-coming and on target to show good property investment returns in coming years.
Through the programme, viewers are given the chance to find out more about these lesser-known Emirates: their location, history, infrastructure development and plans for the future. Interest in both of these countries has dramatically increased in recent times and this positive growth is set to continue. Currently, however, excellent property bargains are to be found, with RAK, for example, boasting property prices that are averaging 50% lower than in neighbouring Dubai.
The comparisons with Dubai are interesting and something that is considered in the ‘Next Big Thing’ programme. Both of these Emirates are looking to Dubai’s terrific success and learning from it, and also seeing how to do things differently so as to avoid making the mistakes that may have been previously made by this powerful neighbour. Comparisons are clear, RAK is building Al Marjan, a man-made island off the coast, drawing comparisons with Dubai’s Palm, and Ajman is building ambitious tower blocks that are changing the skyline. As the programme reveals, however, there is more to these Emirates, with interesting desert and mountain developments also taking place that set them apart and make them interesting markets to find out more about.
Tune in Sunday 4th May at 10pm to Real Estate TV to watch ‘The Next Big Thing Ras Al Khaimah and Ajman’ and the following week to find out more about the booming market of Dubai.