Properties for Sale in Ajman

Ajman is one of the seven emirates of the UAE, which is attracting more and more international investors, professional workers and individuals. The emirate boasts a well-developed infrastructure, good transport accessibility, as well as freehold zones. Due to the low cost of starting a business and various offers within the residential and commercial real estate market, Ajman is popular among local and foreign citizens.

Among the key factors as to why investing in Ajman is important are:

1. Ajman Free Zone is an area where full foreign ownership of a company or enterprise is allowed. Investors can get 100% repatriation of capital and profits, be exempt from custom duty and income tax, etc. Ajman Free Zone attracts business professionals from different fields and boasts a favourable location. Moreover, it provides banking and government services and offers intellectual digital business platforms.
2. Ajman Port is the most significant transport hub in the emirate, serving over 1,000 ships per year. The port is managed by Ajman Port & Customs Department, which is a government entity under the Ajman Government, which specialises in sustainable maritime shipping and customer service.

3. The Department of Economic Development in Ajman (Ajman DED) has seen the growth rate of newly issued business licenses, which was 21% higher in 2022 than in 2021. Taziz licenses increased by 31% and there has been a 62% growth of Reyada licenses compared to 2021.
4. The emirate boasts a good connection to the economic and industrial centers of Dubai and Sharjah, as well as to Sharjah International Airport and Dubai International Airport.
5. Thanks to the amendments to the UAE visa system, by purchasing a residence with a cost from AED 2,000,000 (USD 545,000), there is an opportunity to apply for a 10-year Golden Visa, which offers many advantages, including the opportunity to obtain a long-term residence in the UAE with your family members and even household staff.
6. Tourism development in Ajman. Between January and May 2022, Ajman has been visited by 237,000 people with hotel occupancy reaching 65% from April to May.

The economy of Ajman shows its development thanks to the initiatives from the government. His Highness Sheikh Humaid bin Rashid Al Nuaimi, the Ruler of Ajman and a member of the UAE Supreme Council, approved the emirate’s budget of AED 2.92B (USD 795M) for 2023, which is 21% higher than in 2022. Thus, 40% of this sum is allocated to economic issues, 39% to infrastructure development, including the construction of roads, bridges and parks, as well as facilities to strengthen security, protect the environment and develop culture and entertainment, whilst 19% is given to support smart digital transformation. The well-being of the residents through the development of the emirate and the provision of high quality services plays a key role.

His Highness Sheikh Humaid bin Rashid Al Nuaimi also emphasized the commitment of the Ajman DED to ensure the sustainability of the financial resources of the government, identify and to manage financial risks and focus on innovation and creative thinking in accordance with the best international standards.

The emirate provides a wide range of real estate units. Among the most in-demand projects are the following:

There are a great number of properties to purchase in Ajman including studios, apartments, townhouses and duplexes. The majority of residences are 1–3 bedroom apartments, as well as 4–6 bedroom apartments. The starting cost of a 1-bedroom apartment with a living area of 775 sq. ft is AED 100,000 (USD 27,200). There is an opportunity to purchase a 2–8 bedroom villa with a starting cost of AED 499,000 (USD 135,900) for a 2-bedroom villa with an area of 4,004 sq. ft. At the same time, 2–5 bedroom townhouses are available for purchase in Ajman from AED 225,000 (USD 61,300) for a 2-bedroom residence with a floor plan area of 1,442 sq. ft. As for duplexes, the emirate offers 3–5 bedroom duplexes with living areas ranging from 2,798 sq. ft and prices from AED 1,150,000 (USD 313,100).