In Canada we have market evaluation for specific property you are looking at. market evaluation shows how much this property use to be/worth in the past (usually 10 year period). is their such a thing in UAE; specifically Ajman.
I'm thinking of moving to Ajman; a place to live and not just to invest.
I think market evaluation process is conducted everywhere around the world but it is not necessary that property worth is documented or not. I am not sure about the market evaluation of specific Ajman property that you are looking for. However, you can ask your property agent to provide you this data or can sort for any legal help.
If you are coming UAE to live, not just for investment and have finance as well then i would recommend you to purchase a property in Dubai. As property prices are touching bottom line and market is worth investing right now. You can go for posh areas, where you will not observe these prices ever in future.
Unfortunately there is no such information available in Ajman at the moment. Property sold and purchase data is available with the Ajman land department, however its confidential and as such no one has access to it. Its not openly available to public.
Having said that, you can always conduct your own research by asking for advice in various forums, visiting online portals and consulting with real estate agents.
If you are interested in a specific building/property then do let us know, and we might be able to provide you some guidance.
I was looking at the Al Khour towers, Naeimieh towers and the Falcon Towers.
Re. Arub's comment; the price range (in Ajman & Sharjah) on a 2 br, 2bath apartment (1400-1800 sqft in the towers mentioned above) will cost 260,000 - 365,000, which is impossible to find in Dubai, otherwise I would love to get a place in Dubai.
we are in a process of getting a job in UAE (Ajman, Sharjah or Dubai) but we were not sure if we are going to land on a job in either of those cities. So over all it doesn't matter where we look!
Best of luck for finding a good job in UAE. May you get good opportunity soon.
You are right within this budget, it is really difficult to find out any 2 bedroom apartment in Dubai. However, in future if you can increase your budget, you can fulfill your wish to live in Dubai.
For a 2 bed apartment the budget is a little low for Dubai, however you can always take up a mortgage as its still much more preferable to invest in Dubai than in Ajman. Regarding Sharjah, a key point to note is that you don't have an option of buying freehold property there, only leasehold. So in effect Sharjah should not be considered unless its a necessity to buy a property there.
For the three towers you have mentioned, if they are all completed properties then its a matter of choice where you prefer to live. The general market trend for property prices in Ajman has been downward, however its stabilising now.
When you are investing in Dubai or Ajman, you must consider a few points such as rental return in case you are not living there, equity gain over time, ease of renting out the property, overall demand for buying the property etc. As i mentioned before there is no comparison what so ever between the two states when it comes to the points I have mentioned.
Anyways, best of luck with your investment and do let us know if you need further help.
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