Ajman was the second emirate to offer freehold property. Ajman is currently the only emirate in the UAE offering investors of any nationality fully transparent true 100% freehold ownership on real estate, which in turn has attracted a huge number of investors (local and international) to this emirate. This in turn has prompted the Ajman government to initiate a number of development projects.New Ajman is the name given to the area being developed outside of the current Ajman city, located by the Emirates Road. New Ajman will consist of many new developments and projects. One of the first developments of New Ajman is called "The Emirates City", a brand new city located directly on the Emirates Road to be built from scratch consisting of more than 100 mid- and high-rise buildings.