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An oasis in the midst of the city's noise and crowds, life in Ajman is at a slower pace. This is one of the major reasons why more and more foreign investors purchase property in Ajman. The major projects in Ajman where most investments have taken place are City Towers Ajman, Corniche Tower, Al Nuaimiya Towers, Al Khor Towers, and Al Rashidiya Tower. At these locations, expats can buy freehold property in Ajman.
With a relaxed lifestyle, Ajman is also popular for its proximity to Sharjah, planned locations, advanced infrastructure, and promising future in the real estate market. You can easily find apartments, villas, off-plan projects, and many others to invest in, including commercial projects. Below given is the map of Ajman with popular areas to buy property.
Buying property in Ajman on lease is very easy and expats can hold it for a maximum of 50 years. But the approval of the ruler of Ajman also matters. In Ajman, expats can have any type of property as a freehold, but only in certain approved areas. Moreover, Ajman is a peaceful emirate, which is why more and more people are investing here.
The apartments for sale in Ajman are in high demand both from citizens and expats. The 1 bedroom, 2 bedroom, and 3 bedroom apartments look promising as a future investment for several investors. Thus, they are investing in them. The most real estate property in Ajman were purchased from Ajman Downtown, Al Sawan, Al Bustan, Emirates City, Corniche Ajman, Al Rashidiya, Al Nuaimiya, and Sheikh Maktoum Bin Rashid Street.
The Ajman property market has seen tremendous investment over the last few years from foreign investors due to its perfect location and strategic planning. The best areas to buy property in Ajman are Al Jurf, Al Zorah, Al Helio, Ajman Uptown, Al Yasmeen, Al Zahia, Al Mowaihat, Al Rawda, Al Aaliah, and Al Hamidiyah.
Many expats are eagerly doing off-plan property investment in Ajman. There are several projects attracting more and more investors to the city. The off-plan properties in Ajman are providing a promising future in terms of return on investment.
Before finding the perfect residential property for sale in Ajman, you must consider the following factors mentioned below:
Freehold or non-freehold Properties: For expats, it is easy to buy freehold property in Ajman but only in some specific areas. However, foreign investors can purchase any property for sale in Ajman on lease. In Ajman, the lease is available only for 50 years.
Location: Finding the best place to buy property in Ajman is a crucial factor as, along with location, the investment price also varies. Therefore, make sure the location is near to your workplace or has basic facilities nearby like entertainment sources, schools, hospitals, utility stores, etc.
Size: While investing in Ajman property make sure you know how much big or small space you need. How many bedrooms, big kitchen, spacious lawn, etc. These frequently encountered questions will help you make a better decision when it comes to the size of your property.
Look beyond paints: beautiful exteriors or interiors are not enough to decide whether the price of the house includes the cost of labour or not. Whether the same design is available at a cheaper price or not, therefore, don't just go for looks, evaluate the price, search for better options, compare them, and finalise.
Market Trend: Ajman property market trends will assist you in finding the best place to buy property in Ajman.
Ajman is a very quiet city where people prefer to stay in peace. Life here races at a slower pace. Foreign investors like to invest in Ajman so they can spend a good, serene time with their families and enjoy the peace away from the urban centres.
You can easily find luxury properties for sale in Ajman. It is a peaceful city away from the bustling noise of urban cities in the UAE. Currently, it is one of the active hotspots for several expats investing in the real estate market in Ajman. The most preferred localities by foreign investors involve Ajman downtown, Al Rashidiya, Al Yasmeen, Al Naemiyah, Al Sawan, Corniche Ajman, Al Nuaimiya, and a few more. You can check the graph below to see the areas where expats have invested the most. This will help you to narrow down the best areas to invest in property in Ajman.
It is one of the smallest emirates in the UAE, yet investors see it as an active hotspot for real estate investment opportunities. Its strategic location, planned infrastructure, affordable prices, and proximity to Sharjah make it a perfect investment area for several foreign investors.
As per the Ajman housing market in 2022, H1 reports. The city has seen the most sale and rental trends compared to the other emirates. Most investments for property for sale in Ajman for foreigners are made in the central areas like Al Rashidiya, Corniche Ajman, Al Nuaimiya, and Ajman Downtown. Also, the home prices in Ajman have increased as compared to the H1 of the year 2021.
The Ministry of Education handles every stage of education in the UAE. The main aim is to prepare humans that can contribute to nations' progress and growth. All private and public schools are governed by the MoE only. They only set the overall guidelines that all private schools have to follow. In 2018, the Government of Ajman issued Emiri Decree No. 45 of 2018 to launch the Ajman Private Education Authority (SPEA). SPEA is affiliated with the Ajman government. Several curriculums are offered in Ajman in different schools.
Some of the excellent educational institutes in Ajman are East Point Indian International School, The Royal Academy School, International Indian School, Habitat School, Delhi Private School, Woodlem Park School, Ajman Academy City School, British International School, and many more. You can check the best ones in the table given below:
Some of the excellent and best real estate investments in Ajman are as follows:
Read the below-listed reasons why buying property in Ajman is advised for foreign expats:
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.
The Emirate of Ajman, albeit the most diminutive one out of the United Arab Emirates, proffers an abundance of opportunities…...
