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Ajman is a beautiful emirate in the United Arab Emirates, nestled on the tranquil coast of the Arabian Gulf. This vibrant, bustling city boasts a rich history that dates back centuries, and a culture and way of life all its own. With its verdant palm-fringed beaches and mangrove forests, Ajman is a paradise for those seeking a respite from the hustle and bustle of city life.
The city's modern attractions offer many experiences for tourists and locals alike. From the Ajman Museum to the Dreamland Water Park, to the Ajman City Centre shopping mall, there are plenty of activities to keep everyone entertained. Ajman real estate market is also booming, with a wide range of residential and commercial properties available to investors.
For those looking to invest in Ajman, the city has plenty to offer. Low property taxes, rent-free periods, and low-cost utilities make the city attractive to entrepreneurs and investors. With its mix of ancient history, natural beauty, and modern amenities, Ajman is a city like no other.
According to the Ajman Real Estate Regulatory Agency (ARRA), the real estate market in Ajman is massive. This judgment is based on the total value of real estate transactions that have taken place in the Emirate since 2016.
It is estimated that the real estate market in Ajman has grown by an average of 10% every year since 2016. This growth is mainly attributed to the increased demand for residential and commercial properties in the city. Ajman has also seen an influx of investors from the UAE and other countries, attracted by the city's competitive rental returns and capital growth potential. This has further boosted the size of the real estate market and is expected to grow exponentially in the future.
Ajman is a modern city rapidly advancing in infrastructure development. In March 2023, the Crown Prince of Ajman, Sheikh Ammar bin Humaid Al Nuaimi, declared an AED 102 million package for infrastructure projects, to further enhance the emirate's architectural and construction standards. Moreover, Ajman 1, a residential and tourism destination, is being built on a podium structure to ensure efficient vehicular traffic.
The emirate is well connected to other major cities of the United Arab Emirates through its vast network of roads and highways. An extensive bus network runs throughout the day to provide efficient public transport to its citizens. Discounts are available for students and seniors, while special cabs are reserved for ladies and those with special requirements.
Ajman is making tremendous strides in developing its infrastructure, making it one of the most modern cities in the region. This is sure to improve the quality of life for its residents.
According to the most recent estimate for 2023, Ajman will have a population of 483,548. Compared to the population size of 250,000 in 2009 and 504,846 in 2017, this is a huge increase. According to statistics from 2009, there are 965.25 inhabitants per square kilometre in Ajman. 7,313 babies were born in 2017, and more people are anticipated to be born in the upcoming years. At only 259 square kilometres in size, Ajman is the smallest of the seven UAE emirates.
Even though the emirate is relatively small in size, Ajman is home to a pretty diverse population, with many different cultures, traditions, and religions. The emirate is renowned for its traditional allure, and its economy has grown steadily. The contribution of various economic sectors to the realised growth tends to vary, with tourism being a key contributor. Ajman is home to Ajman Fort, one of the country's historic landmarks, and various tourist landmarks, such as the beaches of Ajman and Masfout Castle
Ajman residents live comfortable, relaxed lives. Those on a tight budget will find it an excellent choice because of the relatively low cost of living. The city has a lot of family-friendly amenities and recreational opportunities to offer its residents. The Ajman Fort, a well-known tourist site and historical monument, is one of the many cultural attractions in Ajman. The city is renowned for its cutting-edge amenities and services, making it a great destination to live and work. Over 15% of the manufacturing companies in the UAE are based in the city, which also boasts a robust textile industry.
Ajman is also flanked by the robust mountain ranges of Hajjar, a few small sandy beaches, and the Arabian Gulf, which offers picturesque views and a variety of outdoor activities. Ajman is a great destination to live and work in the UAE because of all these key factors.
The real estate demand for property in Ajman is rising. Many investors are attracted to the city due to its location, close proximity to other Emirates and its appealing investment climate. Ajman is becoming increasingly popular as a destination for real estate investments, and the city is seeing a steady growth in the demand for residential and commercial properties.
The city of Ajman offers a variety of opportunities for growth and development in the housing market. With its strategic location and attractive real estate market, Ajman is set to become a major real estate hub in the UAE. The city has also been focusing on developing its infrastructure and introducing several initiatives to boost the real estate sector.
Ajman also offers attractive investment opportunities with its attractive prices and low cost of living. Moreover, the city has recently launched a number of projects related to real estates and development, such as the Ajman Vision 2030 plan and the Ajman Free Zone. These initiatives are expected to further boost the growth of the real estate sector in the city.
According to the Ajman Property Market Report Q1 2022, the top locality for both sale and rent in Ajman is Ajman Downtown, while Emirates City and Al Rashidiya are also popular. The average price per square foot has decreased in most areas, except for Al Rashidiya. The top localities include the following :
(Note: consider for Sale and Rent both)
Ajman Downtown is one of Ajman's top neighbourhoods. It is a vibrant neighbourhood with much to offer in the residential and entertainment sectors. Ajman Downtown has seen an upward trend in average sales prices for apartments, especially in the configurations of 1BHK. Rents in the area have remained relatively stable. The area has seen increased searches on property portals, indicating that buyers and renters are still looking to capitalise on attractive prices in the neighbourhood.
Corniche Ajman is a well-known residential locality in Ajman, offering apartments with spectacular views of the Arabian Gulf. The average sale price for flats in the area has gradually decreased over the years, while the average rent has increased. However, the area has seen increased searches on property portals, indicating that buyers and renters are interested in the desirable locality.
Al Nuaimiya is a popular residential area in Ajman, offering apartments with easy access to a variety of amenities. The average sale price for flats in the neighbourhood has increased, while the average rent for apartments has also risen. The area has seen a steady increase in searches on property portals, indicating that buyers and renters are interested in the area
Al Rashidiya is a popular residential area in Ajman, located close to a number of key amenities. The average sale price for apartments in the area has remained stable, while the average rent has decreased slightly. The area has seen a decrease in searches on property portals, indicating that there is still interest in the area, but buyers and renters may be looking for other localities.
The real estate trend for Al Yasmeen in Ajman appears to be very promising, with many new developments in the area. One-bedroom apartments have been the most popular amongst buyers and renters, as they offer great value for money and are ideal for small families and couples.
Al Rawda in Ajman is a lucrative neighbourhood to invest in. It is one of the city's oldest and most popular residential areas. The most popular bedroom configuration amongst buyers and renters is three-bedroom apartments, which are spacious and reasonably priced. The neighbourhood also boasts a range of amenities, including parks, supermarkets, and other services.
Al Mowaihat in Ajman is a good neighbourhood to invest in. The most popular bedroom configuration amongst buyers and renters is a 2-3 bedroom apartment. Apartments in Al Mowaihat offer spacious living areas, modern furnishings, and excellent amenities, making it a desirable place to live. Additionally, the location is close to shopping malls and other attractions in Ajman, making it a great choice for investors.
Ajman is an ideal destination for those seeking to invest in the emirate's vibrant economy and infrastructure. Boasting world-class real estate opportunities, Ajman presents a plethora of investment avenues. From plush residential projects to commercial ones, Ajman offers many options.
Ajman is a haven for those seeking to invest in real estate, offering a plethora of appealing benefits. With no personal income tax, corporate tax, or capital gains tax, it is the perfect place to invest in property while taking advantage of the low cost of living. With the local economy on an upward trajectory, it is an ideal location for those looking to make a long-term investment. Furthermore, Ajman has a wide selection of residential and commercial properties, allowing individuals to find the perfect fit for their desired investment. All of these factors make Ajman a prime destination for those looking to invest in real estate.
The Ajman real estate sector is a dynamic and vibrant market with a number of opportunities for investors. With its strategic location, attractive incentives, and attractive real estate offerings, Ajman is an ideal destination for real estate investors.
The real estate market in Ajman is currently performing well. The cost of real estate in Ajman is more affordable than in other emirates, making it a desirable option for those looking to buy or rent a property. Demand is particularly high for apartment units, villas, and townhouses, while the commercial real estate sector also sees strong activity.
The cost of infrastructure in Ajman varies depending on the area. Each city in Ajman has its own unique characteristics, and the cost of infrastructure is determined by the level of development and the specific needs of the area.
Ajman is a city in the United Arab Emirates, home to a diverse population. It has a large population of Emirati families and foreign expats from all over the world. There is a sizable population of bachelors and single expats, particularly from South Asia.
Ajman is home to a population of 504,846 people, with most of its population being expatriates. Only 16% of the population is native to the emirate, making Ajman an attractive destination for people from around the world.
Ajman Uptown offers the highest potential return on investment, with rental yields projected to exceed 7.65%.
The cheapest area in Ajman is Al Jerf Industrial Area. This area is known for its lower cost of living and a wide range of affordable housing options.
If you’re searching for villas to buy or rent in Ajman, Al Rawda is the perfect place to call home.
Some top projects to invest in Ajman are Al Ameera Village, Gulfa Towers, Rose Tower, Gulf Tower, Lake Tower, Ajman Creek Towers, Conqueror Tower, and Oasis Towers.
At the top of the list of the best residential areas in Ajman for apartment-dwellers is Al Nuamiya.
Advantages of real estate investing in Ajman