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Al Zorah Properties - F.Z.CPurchasing property via the website Global Properties is streamlined and hassle-free. The platform boasts a diverse array of over 499 listings sourced from trustworthy developers and reliable real estate agencies. Here are the steps to follow for purchasing properties in Ajman, UAE:
- Review the listings on the website. Utilise the search filters to narrow down options and save time;
- Select a property that aligns with your criteria. Dive into the specifics of the housing, including its price, layout and comprehensive description. For the convenience of international buyers, the information on the platform is translated into multiple languages, while property prices in Ajman are available in several currencies;
- Reach out to the seller or our representative directly. You can initiate contact through the provided telephone number or the feedback form;
- Discuss all the particulars, resolve any inquiries and determine the subsequent actions necessary for finalising the purchase.
Several factors, including location, proximity to the city centre and beaches, design, comfort level and available features, influence the cost of property for sale in Ajman. The standard cost for finished apartments starts from AED 550,000 (USD 149,769) and reaches AED 4.3 million (USD 1.2 million). For those still under construction, prices range from AED 215,000 (USD 58,546) to AED 5.5 million (USD 1.5 million). The typical price for both in-progress and completed villas is around AED 1.6 million (USD 435,693).
The lowest price for property on sale in the area is AED 2221860 (USD 2221860), which can afford you a 1-bedroom apartment in Al Nuaimiya. An 11-bedroom villa in Al Helio boasts the highest cost of AED 25 million (USD 6.8 million).
The area of living spaces varies based on the property type, design and number of rooms. Studios are available in sizes ranging from 68.005 square metres up to villas that reach sizes of 1714 square metres.
To obtain a residence permit in the UAE through real estate investment, a foreign resident must purchase a property that meets a minimum value of USD 270,000, specifically in designated freehold areas where foreign ownership is permitted. The application process involves submitting necessary documents, such as a passport and title deed, to the local real estate authority or GDRFA. Eligible investors can receive various lengths of visas, with the possibility of family sponsorship, subject to renewal as long as the property ownership is maintained. Due to differing regulations and potential changes in laws, consulting with legal or real estate agents in the country is advised.
A variety of popular locations offer excellent property buying opportunities:
- Al Yasmeen: Positioned near the E311 highway, this area provides villas with easy access to Sharjah, making it ideal for those seeking connectivity;
- Ajman Downtown: This bustling neighbourhood is perfect for those who enjoy a lively environment and is known for its selection of serviced hotel apartments;
- Al Nuaimiya: Home to numerous residential buildings;
- Al Zahya: A serene suburban locale, the neighbourhood offers a range of townhouses;
- Al Zorah: The area provides luxury penthouses with stunning views of Al Zorah Beach, offering a tranquil living environment.
Investing in Ajman real estate offers several advantages. First, it’s notably affordable compared to neighbouring emirates. Additionally, there’s a rising demand for properties due to its ongoing development initiatives. Its strategic location near Dubai and Sharjah and high rental yields in certain areas contribute to the attractiveness of the region.
The real estate market is highly sought after by tourists and purchasers alike, thanks to its all-year-round seasonality that enables consistent rental income. The region boasts numerous projects offering a guaranteed 6-7% return on investment, where property management companies handle all maintenance aspects. Additionally, investors have the flexibility to use their rented properties for personal vacations for 2-4 weeks annually without affecting their earnings.
Property in Ajman
Real estate in Ajman offers more affordable options, making it an excellent choice for those who find properties in Dubai and Sharjah out of their budget. Living in the city enables savings on accommodation while commuting to Dubai and other nearby cities for employment. Additionally, the area is attractive to many investors due to its ideal family-oriented atmosphere, while still providing premium amenities for single individuals.
The available types of real estate for sale in Ajman range from apartments, villas and townhouses to residential plots, hotel apartments and penthouses. This assortment enables buyers to choose from a variety of living spaces, whether they're in search of a compact and convenient apartment or a more expansive and private villa compound, thereby offering something for every type of buyer looking to invest in the local property market.
Both villas and apartments in Ajman are designed to offer an exceptional living experience through a variety of interior amenities that cater to comfort, luxury and practicality. Apartments typically feature modern kitchens with high-quality appliances, central air conditioning for year-round comfort, private balconies or terraces with views, built-in wardrobes for efficient storage, ensuite bathrooms for added convenience and in upscale units, smart home technologies for enhanced living.
Villas in Ajman, on the other hand, elevate luxury with private pools and landscaped gardens, expansive living areas, maid’s rooms with separate entrances, personal parking garages, outdoor entertaining spaces like patios and barbecue areas and high-end finishes including marble flooring and custom woodwork.
Reasons for investing in property in Ajman
Buying investment real estate in Ajman is more affordable compared to other Emirates, making it an attractive entry point for foreigners looking to maximise their budget. With the economy expanding and ongoing development projects, the long-term appreciation potential for properties in the emirate is significant, offering the prospect of substantial financial gains. Off-plan properties in the area are characterised by appealing prices and payment plans. Foreign investors can obtain an object at the construction stage and earn money by reselling it after completion.
The competitive rental yields in the city provide investors with the opportunity for a steady stream of income. Average rental prices on housing in the city:
- Apartments: starting from AED 26,000 (USD 7,000) per annum
- Villas: starting from AED 122,000 (USD 33,000) per annum
- Townhouses: starting from AED 80,000 (USD 21,000) per annum
Buying real estate in Ajman
The platform offers a variety of properties in Ajman for investment and living. Overseas buyers also have access to:
- Current listings from trusted developers and reliable real estate agents;
- A regularly updated collection of both residential and commercial property in UAE;
- An intuitive search system with filters for various preferences;
- The most recent market updates, insights into international property sales in the UAE and essential information for prospective overseas property buyers.
Our experts are on hand to offer professional guidance on selecting and buying a residential property, settling in the UAE and understanding the country's visa policies, all provided in real time.