Ajman, the smallest emirate of seven emirates, has been developing rapidly over the last several years to attract investors, residents, and tourists. Although spanning only 259 square kilometers, the emirate is developing its real estate and improving the quality of its housing. To attract investment, it also started to offer freehold properties in 2004 so that foreign investment could come in. Now, properties for sale in Ajman all form at a relatively lower price than in Dubai, Abu Dhabi, and even Sharjah. This growing community is popular among professionals who work in neighboring emirates but are looking for affordable housing to save money. So the apartments in Ajman have the highest demand, ranging from small studios to large 4 or 5-bed apartments.
Ajman is a favorite spot for families to settle in, which is why villas for sale in Ajman have a high demand too. The cost savings on housing is another factor that leads to increased demand for properties for sale in Ajman. Furthermore, the community of Ajman is very convenient for families, with shopping malls and grocery stores at near distances, making it easy to run daily chores. Also, Ajman is home to many beautiful beaches making many apartment buildings beautiful waterfront properties.
Because of a recent increase in the expat population, especially an influx from southeast Asia, residential properties in Ajman have seen a surge in demand. This makes buying a property in Ajman an attractive option for investors to buy and rent it out, even if one does not want to settle. Also, buying a property in Ajman worth more than 500,000 AED makes the investor eligible to apply for a residence visa in UAE. These factors make Ajman real estate an emerging sector that is developing continually to cater to its residents.
After deciding to purchase a property in Ajman, the natural next step is to determine your budget and unit preference. Currently, the apartments for sale in Ajman have the highest demand, with Zoom Property having more than 150 listings with accurate descriptions to help you make an informed decision. Mostly, properties in Ajman are sold unfurnished, keeping the transactions easy and convenient. However, if you want to buy to sell it later on profit, you might consider furnishing your residential unit to increase the selling price.
All in all, it is an excellent option to buy a property in Ajman and settle with your family. However, if your stay is temporary, you should take a look at apartments for rent in Ajman. And if you are moving to UAE for a taste of luxury, check out the residential properties in Dubai or Abu Dhabi.
Yes. In 2004, Ajman became the third emirate to allow foreigners to own properties in the dedicated freehold areas.
Ajman’s real estate is developing and has great potential for growth in the future. Generally, the housing costs are low and have all modern amenities making it excellent for investors to purchase property in Ajman.
This depends on the size and location. On average, a 1-bed and 2-bed flat in Ajman costs 350,000 and 650,000 AED, respectively.