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The most prevalent types of properties available for sale in Ajman are residential properties such as apartments and villas. However, Ajman offers commercial properties such as office spaces, retail stores, and warehouses for sale.
No, there are no restrictions for foreigners buying property in Ajman. Foreigners can own freehold and leasehold property in Ajman, as stated by the Amiri Decrees Nos—7 and 8, established in 2008.
The best residential areas to buy property in Ajman are Al Nuaimiya, Ajman Downtown, Emirates City, Al Yasmeen, and Al Mowaihat.
The property prices in Ajman constantly fluctuate. However, the sale price starts at AED 75,000 and goes up to AED 5,912,095 for apartments. Prices are even higher for villas, penthouses and larger properties. Please note that these prices are approximate and can fluctuate based on the location, property type, and market conditions.
Residents and non-residents, including foreigners, can buy property in Ajman. Most of the properties in Ajman are available on a leasehold basis.
Both residents and non-residents can sell property in Ajman, UAE.
Yes, purchasing a property in Ajman is a worthwhile investment as the development and infrastructure of the city are marked by steady growth. The Ajman real estate is in high demand due to an inflow of brand-new properties after the Expo 2020.
Non-citizens or foreigners can make leasehold and freehold purchases in Ajman. There are only three areas in the city that are exclusively for citizens of the UAE. These areas are Mushairfeh, Al Hamedya and Al Jurf.
The process of buying a property in Ajaman is straightforward. It typically involves the following steps: researching about the property, making a decision, arranging for finances, signing a sales agreement, obtaining a NOC, completing the necessary paperwork and registering the property with the Ajman Land Department.
There is no property tax on residential properties in Ajman, UAE. However, a transfer fee is charged for transferring the property and a fee for agency commissions.
If you’re contemplating relocating to Ajman, you can obtain a residency visa valid for a minimum of five years by investing in a property in Ajman valued at AED 5 million or above. Furthermore, the property should be free of any mortgages and have been under the current owner’s ownership for at least three years.
Normally, residential properties in the UAE are not subject to property tax. Nevertheless, it is important to be aware of additional charges, including registration, service, and maintenance fees.
With the help of the cost approach, the estimated value of the property in Ajman can be calculated. According to the method, estimating the value of the property and land must be done separately, taking depreciation into account.
Yes, you can sell your property directly to a buyer in Ajman. No legal obligations stop you from selling your property directly to a buyer.
You will be charged a transfer fee when you transfer property in the UAE. The exact amount of this fee varies depending on which Emirate you are in. While both the buyer and seller are responsible for paying this fee, the buyer usually covers the cost.
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