Editing Emirate of Ajman (section)

===Real estate===
Ajman was the first emirate in the UAE to offer 100% freehold to global investors, in 2004.<ref name=":19" /><ref>{{Cite web|title=Sharjah, Ajman Allows Global Investors to Have 100% Ownership|url=https://businessakhbar.com/sharjah-ajman-allows-global-investors-to-have-100-ownership/|access-date=2021-08-31|website=businessakhbar.com|archive-date=31 August 2021|archive-url=https://web.archive.org/web/20210831163140/https://businessakhbar.com/sharjah-ajman-allows-global-investors-to-have-100-ownership/|url-status=usurped}}</ref><ref>{{Cite web|last=Rizvi|first=Muzaffar|title=Sharjah, Ajman offer 100% ownership to foreign investors|url=https://www.khaleejtimes.com/business/local/sharjah-ajman-offer-100-ownership-to-foreign-investors|access-date=2021-08-31|website=Khaleej Times|language=en|archive-date=31 August 2021|archive-url=https://web.archive.org/web/20210831163137/https://www.khaleejtimes.com/business/local/sharjah-ajman-offer-100-ownership-to-foreign-investors|url-status=live}}</ref> This led to real estate prices rising rapidly, from $11 per square foot and, by 2007, developers had announced projects worth $21.78 billion, consisting of around 65,000 units in all.<ref name=":4">{{Cite book|title = Rashid: Portrait of a Ruler|last = Wilson|first = Graeme|publisher = Media Prima|year = 2010|isbn = 9789948152880|location = UAE|pages = 364}}</ref><ref>{{Cite book|url=https://books.google.com/books?id=KPPOkAKwk0gC&q=65&pg=PA42|title=The Report: Ajman 2008|date=2008|publisher=Oxford Business Group|isbn=978-1-902339-82-5|language=en|access-date=20 October 2021|archive-date=20 February 2023|archive-url=https://web.archive.org/web/20230220102209/https://books.google.com/books?id=KPPOkAKwk0gC&q=65&pg=PA42|url-status=live}}</ref> In an emirate with a population that used to be 240,000 the figure was high by any standard and the pace of development was not sustainable, with the [[2008 financial crisis]] bringing development to a sharp halt. With considerable pain from investors in stalled projects, the [[Ajman Real Estate Regulatory Agency]] came under considerable pressure.<ref name=":22">{{Cite web|last=Nair|first=Deepthi|title=Ajman property regulator to restart stalled projects|url=https://www.khaleejtimes.com/business/real-estate/ajman-property-regulator-comes-to-investors-rescue|access-date=2021-08-31|website=Khaleej Times|language=en|archive-date=31 August 2021|archive-url=https://web.archive.org/web/20210831171512/https://www.khaleejtimes.com/business/real-estate/ajman-property-regulator-comes-to-investors-rescue|url-status=live}}</ref><ref name=":23">{{Cite web|date=2011-04-25|title=Investors seeking legal route to recover down payments on stalled Ajman projects|url=https://www.propertywire.com/news/asia/ajman-uae-property-projects-2/|access-date=2021-08-31|website=PropertyWire|language=en-GB|archive-date=31 August 2021|archive-url=https://web.archive.org/web/20210831171512/https://www.propertywire.com/news/asia/ajman-uae-property-projects-2/|url-status=live}}</ref><ref name=":20">{{cite web| url = https://www.arabianbusiness.com/aqaar-complete-ajman-one-by-2011-17146.html| title = arabianbusiness.com| access-date = 31 August 2021| archive-date = 31 August 2021| archive-url = https://web.archive.org/web/20210831171510/https://www.arabianbusiness.com/aqaar-complete-ajman-one-by-2011-17146.html| url-status = live}}</ref>

By 2011, work was continued on a number of projects, including the mixed business, leisure and residential development Ajman One.<ref name=":20" /><ref>{{Cite web|title=Ajman One Tower Building Guide|url=https://www.bayut.com/buildings/ajman-one-towers/|access-date=2021-08-31|website=Building Guides for Dubai, Abu Dhabi & Entire UAE|language=en-US|archive-date=31 August 2021|archive-url=https://web.archive.org/web/20210831171512/https://www.bayut.com/buildings/ajman-one-towers/|url-status=live}}</ref>