Ajman

Over a decade ago, the Emirate of Ajman made an ambitious decision to allow foreign ownership of properties. With Ajman properties considerably affordable, many new investors looking for more affordable investment opportunities began expressing interest in buying properties in Ajman. This small emirate with big ambitions aims to become a leader in property development and sales in the MENA region. For those who are unaware of its location, Ajman is sandwiched between the Emirate of Sharjah (to the west) and Umm-ul-Quain (to the east). With Ajman offering freehold properties, it has opened up a new market for those looking to establish roots in the UAE by purchasing property here. Most expats living in Ajman work in Dubai and their daily commute involves driving between the two emirates. Investing in this emirate is also a great option for those who simply cannot afford to purchase property in Dubai or Sharjah for that matter. Living in Ajman is more of a blessing for families who would in most cases have to send their families back to their home countries as rents in Dubai and Abu Dhabi are almost unaffordable for most middle-class expats. However, for those who qualify, there’s the option to obtain a mortgage loan, giving expats the opportunity to buy their own property in Ajman. What’s more, unlike renting, homeowners have the option to sell their flat at any time and expect to at least get back the amount they paid and in many cases, some homeowners can also expect to gain equity upon selling their property.