The smallest emirate in the UAE is Ajman, an amazing place to begin exploring the UAE. Unlike cities like Dubai, where investors can marvel at skyscrapers and luxury malls, Ajman attracts buyers with camel races, kayaking, cultural experiences, and tons of family activities. Even though the UAE has undergone massive development in recent decades, its heritage and traditions have survived. Ajman attracts many investors and tourists each year because of its castles, forts, and museums.
Therefore, Ajman’s economy continues to grow, and its currency remains stable. Following is a detailed look at some properties for sale in Ajman.
In addition to its pristine beach, Ajman has a variety of restaurants, cafes, and bars along the Corniche, one of the city’s most popular spots. Furthermore, the district is home to several of the city’s most elite schools. In Ajman, the majority of residents work in Dubai and commute daily between the two cities. Buying apartments in Ajman is a great option for those who simply cannot afford to invest in Dubai properties or Sharjah.
Fortunately, Ajman’s availability of freehold properties has opened up a new market for those looking to establish roots in the UAE. As a result, the real estate market grew, and apartment prices became more affordable, attracting many expats. The apartments in this community are located in the middle- and high-rise buildings equipped with top-of-the-line amenities.
When it comes to choosing affordable housing options, Ajman is an ideal place to look for. Although Ajman’s cost of living is lower than Dubai, Abu Dhabi, or Sharjah, it boasts top-notch infrastructure such as ports, roads, world-class beaches, shopping centers, and universities. It is an ideal location for raising a family since there are a number of high-quality schools in the area, such as Kids Town Nursery and Scientific Innovations School.
When you buy a villa in Ajman by the sea, you will be living in a quiet and relaxing city while enjoying the pristine beaches and picturesque scenery that the city has to offer. By investing in a villa, you will get not only a seaside home but also the opportunity to earn an additional income from renting it out or reselling it for a higher price when the time comes.
Buyers and investors are increasingly interested in Ajman’s exclusive townhouse communities. This can be attributed to a number of factors. For instance, there are quite a few hospitals and clinics in Ajman that provide superior healthcare services and are known for their quality.
Ajman is also well connected by a number of roads, including Emirates Road, which runs from Sharjah, Dubai, and Umm al Quwain to Ajman. As a result, property for sale in Ajman provides one of the best and easiest access to just about anywhere in the United Arab Emirates, making it one of the main benefits of living here.
Despite its small size, the small coastline of Ajman is quite attractive from a geographical perspective. Several luxury hotels are located in the emirate, attracting weekend visitors from other emirates and tourists worldwide.
It may be the smallest emirate in the UAE, but Ajman certainly holds its own in terms of real estate opportunities.
For these reasons, plus reasonably priced real estate, freehold properties and family-oriented lifestyle, Ajman’s property market offers an attractive investment opportunity and healthy returns.
The smallest emirate in the UAE, Ajman may have fewer real estate projects than most other emirates, but it offers a high rental return and great value for money when it comes to real estate projects in this emirate. A well-known feature of the emirate is that it provides a range of attractively affordable prices for those looking to get on the UAE property ladder.
Listed below are the most sought-after regions in Ajman for apartment buyers.
This neighborhood lies in Ajman’s eastern sector, and buying property in Al Amerah is an exclusive investment opportunity. Among the establishments in this district are shopping centers, colleges, and leisure centers.
Community borders are marked by Sheikh Mohammed Bin Zayed Road. Therefore the proximity to the highway makes it easy for residents to visit Ras Al Khaimah, Sharjah, Umm Al Quwain and Dubai. A 13-minute drive will take you to Woodlem Park School, which follows the CBSE curriculum. In addition to Avalon Heights World Private School, there are also many other schools in the area that offer the British curriculum. Several nurseries in Al Amerah also cater to parents with toddlers.
There are a number of family-friendly areas in Ajman Downtown for tenants to invest in apartments. It is an area with a mix of mid-rise and high-rise buildings that are equipped with modern amenities and fittings.
This area is located near Al Ittihad Street (E11) and offers bus stops, supermarkets, health clinics, restaurants, schools, and parking.
Near Ajman Downtown are Thumbay Hospital and Amina Hospital, both highly regarded. Several educational institutions are within walking distance, including British International Private School and Al Hikmah Private School. City Centre Ajman and Ajman Public Beach are also within easy reach from Ajman Downtown.
Renting apartments in Ajman’s Al Jurf area is another popular choice for families. Residents of this area enjoy a metropolitan lifestyle near the industrial area. In addition to being close to the industrial area, residents of the community can commute easily to work.
Al Jurf offers spacious villas and well-designed apartments at an affordable price. There are a number of benefits to staying at Al Jurf, including the fact that it is pet-friendly. There are several educational institutes in the neighborhood, such as Funny Bunny Nursery, Al Ameer English School, Kids Zone Education, and Ajman University.
The Al Jurf community is a mixed-use community that includes both commercial and residential properties. As a matter of fact, it has to be one of the most affordable areas of Ajman to find an apartment.
As the first half of 2022 comes to an end, let’s examine how sales prices for villas and apartments in Ajman have fared so far. The northern emirate’s property market enjoyed a year of recovery in 2021. It would be safe to assume that those positive trends will continue in the second quarter of 2022 despite the slight dip in prices. Investors seeking to benefit from high rental returns on their properties should explore Garden City, Ajman Downtown and Al Amerah, which have been yielding average ROI of 9.83%, 9.62% and 9.61% respectively.
Recently, the United Arab Emirates government has made great strides in improving the quality of life, the infrastructure, and the conditions for businesses to welcome tourists and international investors to the country in recent years. Foreign investment is also encouraged in the Ajman Free Zone, as foreign nationals are allowed to own 100% of the company registered in the zone. In addition, Ajman was the third emirate that offered freehold properties to foreign residents after Dubai and Ras Al Khaimah.
Real estate in the United Arab Emirates has entered a new chapter in 2022.
Over the first quarter of 2022, Ajman presented a lucrative opportunity for investors. As reported by the Department of Land and Real Estate Regulation in Ajman, the number of real estate investments in the emirate has grown in recent times as the emirate seeks to diversify the opportunities for investments in the real estate market.
During the first six months of 2022, a total of 5,428 real estate exchanges were registered in Ajman by the Department of Land and Real Estate Regulation, worth AED 6.2 billion. Ajman’s improved business environment allows entrepreneurs to set up and conduct their businesses with greater ease and convenience as suggested in the report.
Regardless of where you live in the world, it is important to know there are certain legal aspects that are associated with investing in real estate. There are no exceptions to this rule in Ajman. As with buying a house in Abu Dhabi, there are relatively few hassles and difficulties associated with buying property in Ajman.
It is important to note that foreign investors who wish to invest in Ajman have two options for ownership of their property: freehold and leasehold. There is a timeframe for which leasehold property rights will last. Freehold properties, however, come with both property and land ownership. Foreigners in Ajman can own both freehold and leasehold properties.
As a company with thousands of successful transactions completed, Alkhail Real Estate is confident and experienced to assist you in your transaction. Budgeting is the key to making sure that everything falls into place for you. Therefore, knowing your budget before buying a property in Ajman is the first step in the process of investing.
In the United Arab Emirates, Ajman has always been regarded as a hidden gem. In recent years, Ajman has experienced much growth due to the fact that it has seen an influx of migrants from the neighboring Emirates as well as expats from all around the globe. With its picturesque beach environment and beautiful atmosphere, almost everyone falls in love with this place.
If you are purchasing a property in Ajman for the first time, the best course of action would be to hire a legal expert who has a thorough understanding of the rules of real estate investment and can guide you through the entire process. The Alkhail team is one of the most established real estate agencies in the region, and whether you are trying to find an apartment in a new building in Istanbul or a townhous for sale in Ras al khaimah, our team is ready to assist.
As a leading real estate firm in the Middle East, Al Khail real estate specializes in residential, commercial, and leisure properties in Ajman and has been operating across the United Arab Emirates and beyond since 2006.
Our team will discuss the location, proximity to work, schools, and other infrastructure with you before you buy property in Ajman.