Bayut & dubizzle’s Ajman property market report for H1 2021: Budget-friendly prices and impressive ROI continue to attract buyers and tenants
As the first half of 2021 comes to an end, it is time to review how property prices in Ajman have performed in Bayut & dubizzle’s combined H1 2021 Property Market Report. For a detailed insight into Ajman property trends, we have compared sales and rental prices on Bayut and dubizzle from the last six months of 2020 to the first six months of 2021.
- The Ajman real estate sector has remained relatively stable in H1 2021, experiencing minor fluctuations under 7% in sales and rental prices.
- The emirate has also been offering a strong ROI of up to 9.8%, which has also helped Ajman to establish itself as an attractive choice for property investors.
Read on for Bayut & dubizzle’s in-depth analysis of property prices in Ajman, as well as the most popular areas for buying and renting real estate in the emirate.
For an accurate representation of properties for sale, our H1 2021 market report compares the average sales price per square foot for an area. Please note that these prices are subject to change based on multiple factors including amenities available, the developer involved in the project, location, and other key details.
Ajman real estate trends for apartment sales in H1 2021
Real estate prices in Ajman: Ajman Downtown is the most popular area to buy apartments
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2020 | 1-BED | 2-BED | 3-BED |
|---|---|---|---|---|---|
| Ajman Downtown | ROI 9.62% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2020
| 1-BED
| 2-BED
| 3-BED
|
| Emirates City | ROI 9.61% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2020
| 1-BED
| 2-BED
| 3-BED
|
| Corniche Ajman | ROI 5.89% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2020
| 1-BED
| 2-BED
| 3-BED
|
| Al Rashidiya | ROI 6.66% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2020
| 1-BED
| 2-BED
| 3-BED
|
| Al Nuaimiya | ROI 5.89% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2020
| 1-BED
| 2-BED
| 3-BED
|
| Al Sawan | ROI 7.15% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2020
| 1-BED
| 2-BED
| 3-BED
|
| Al Yasmeen | ROI N/A | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2020
| 1-BED
| 2-BED
| 3-BED
|
| Al Bustan | ROI 5.03% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2020
| 1-BED
| 2-BED
| 3-BED
|
| Garden City | ROI 9.83% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2020
| 1-BED
| 2-BED
| 3-BED
|
| Sheikh Maktoum Bin Rashid Street | ROI 5.08% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2020
| 1-BED
| 2-BED
| 3-BED
|
| Not available due to low/no historical inventory or influx of off-plan properties | |||||
When it comes to the most popular localities for apartment sales in Ajman, the community of Ajman Downtown has topped the list. Its proximity to the harbour, ample amenities and access to key highways have made the area a perennially popular choice for those looking to invest in the emirate.
The sales price per square foot for apartments in Ajman Downtown has stayed steady at AED 202 in the first half of 2021. The asking price for 1-bed flats for sale in Ajman Downtown has averaged at AED 213k in H1 2021, going down slightly from AED 222k in H2 2020. Similarly, 2-bedroom apartments for sale in Ajman Downtown have seen sales prices decrease from AED 307k to AED 298k in the first half of 2021. Those looking for more spacious flats may consider 3-bed flats for sale in Ajman Downtown, which have averaged at AED 377k.
Emirates City ranks second with buyers and investors, housing a good selection of apartments for sale in Ajman. This suburban development has also seen sales price per square foot remain unchanged in H1 2021, averaging at AED 175. When it comes to asking sales prices, investors can expect to pay an average of AED 166k to buy 1-bed apartments in Emirates City and AED 225k for 2-bed flats for sale in Emirates City. The 3-bedroom apartments for sale in Emirates City have seen sales prices average at AED 236k in H1 2021.
As per our analysis of property prices in Ajman, the upscale neighbourhood of Corniche Ajman has also continued to be a popular option for buyers and investors. Compared to the second half of 2020, the area has experienced an uptick in sales price-per-square-foot for apartments, going from AED 418 in H2 2020 to AED 445 in H1 2021. The average cost of 1-bed apartments for sale in Corniche Ajman has stood at AED 616k in H1 2021, while 2-bed flats have been available for AED 835k on average. Furthermore, the average cost to buy 3-bedroom flats in Corniche Ajman has been AED 1.48M in H1 2021.
Aside from the mentioned neighbourhoods, Al Rashidiya, Al Nuaimiya, Al Sawan, Al Bustan, Al Yasmeen, Garden City and Sheikh Maktoum Bin Rashid Street have also been gaining traction with prospective buyers in Ajman. While price fluctuations in most neighbourhoods have been extremely controlled, Garden City has seen a moderate decrease of 8% in sales price-per-square-foot, dipping from AED 250 to AED 231.
Ajman Pearl Towers is most popular for apartments sales in Ajman
During the first half of 2021, investors have shown the most interest in Ajman Pearl Towers, when looking at apartments in Ajman Downtown. This popular building complex provides a range of luxury amenities, including access to a gym, sauna, community lawn and play area for kids. According to current listings on Bayut, apartments for sale in Ajman Pearl Towers have a starting price of AED 125k.
Aside from this, other desirable buildings for investors in Ajman Downtown are Al Khor Towers and Horizon Towers.
Garden City has the highest ROI for apartments in Ajman
Investors keen on buy-to-let apartments should consider Garden City, which has offered the highest average ROI in Ajman at 9.83%, based on projected rental yields. Ajman Downtown and Emirates City have also been offering healthy average ROI of 9.62% and 9.61% respectively. Other communities with favourable ROI include Al Sawan and Al Rashidiya —yielding average returns of 7.15% and 6.66% respectively.
Rental property prices in Ajman for apartments in H1 2021
POPULAR AREAS | STUDIO Avg. Yearly RentChange from H2 2020 | 1-BED Avg. Yearly RentChange from H2 2020 | 2-BED Avg. Yearly RentChange from H2 2020 |
|---|---|---|---|
| Al Nuaimiya | STUDIO Avg. Yearly RentChange from H2 2020
| 1-BED Avg. Yearly RentChange from H2 2020
| 2-BED Avg. Yearly RentChange from H2 2020
|
| Al Rashidiya | STUDIO Avg. Yearly RentChange from H2 2020
| 1-BED Avg. Yearly RentChange from H2 2020
| 2-BED Avg. Yearly RentChange from H2 2020
|
| Ajman Downtown | STUDIO Avg. Yearly RentChange from H2 2020
| 1-BED Avg. Yearly RentChange from H2 2020
| 2-BED Avg. Yearly RentChange from H2 2020
|
| Al Rawda | STUDIO Avg. Yearly RentChange from H2 2020
| 1-BED Avg. Yearly RentChange from H2 2020
| 2-BED Avg. Yearly RentChange from H2 2020
|
| Al Jurf | STUDIO Avg. Yearly RentChange from H2 2020
| 1-BED Avg. Yearly RentChange from H2 2020
| 2-BED Avg. Yearly RentChange from H2 2020
|
| Emirates City | STUDIO Avg. Yearly RentChange from H2 2020
| 1-BED Avg. Yearly RentChange from H2 2020
| 2-BED Avg. Yearly RentChange from H2 2020
|
| Corniche Ajman | STUDIO Avg. Yearly RentChange from H2 2020
| 1-BED Avg. Yearly RentChange from H2 2020
| 2-BED Avg. Yearly RentChange from H2 2020
|
| Al Sawan | STUDIO Avg. Yearly RentChange from H2 2020
| 1-BED Avg. Yearly RentChange from H2 2020
| 2-BED Avg. Yearly RentChange from H2 2020
|
| Garden City | STUDIO Avg. Yearly RentChange from H2 2020
| 1-BED Avg. Yearly RentChange from H2 2020
| 2-BED Avg. Yearly RentChange from H2 2020
|
| Al Bustan | STUDIO Avg. Yearly RentChange from H2 2020
| 1-BED Avg. Yearly RentChange from H2 2020
| 2-BED Avg. Yearly RentChange from H2 2020
|
| Not available due to low/no historical inventory or influx of off-plan properties | |||
Al Nuaimiya remains the most popular area for renting apartments in Ajman
According to an analysis of Ajman property prices during the first half of 2021, Al Nuaimiya has been the most popular area for renting flats in Ajman. Factors such as the proximity to waterfront destinations and affordable rents can account for the area’s consistent popularity with tenants.
In comparison to H2 2020, the cost of studios for rent in Al Nuaimiya have remained stable in the first half of 2021, averaging at AED 15k. Similarly, the average costs of 1- and 2-bed flats for rent in Al Nuaimiya have remained largely steady at AED 19k and AED 28k.
Another area that has been consistently popular with tenants in Ajman is Al Rashidiya, which has also seen rental costs remain unchanged in H1 2021. The cost of studios for rent in Al Rashidiya average at AED 14k per annum, while potential tenants can expect to pay an average of AED 19k to rent 1-bed apartments in Al Rashidiya. Those looking to rent 2-bed flats in Al Rashidiya will pay an average annual price of AED 27k.
Ajman Downtown and Al Rawda have also remained extremely attractive prospects to rent flats in Ajman. Other popular areas have included Al Jurf, Emirates City, Corniche Ajman, Al Sawan, Garden City and Al Bustan; rental prices in most of these localities have remained stable in H1 2021.
Al Nuaimiya 3 is the most popular area for renting flats in Al Nuaimiya
Tenants searching for flats in Al Nuaimiya have shown a clear inclination towards Al Nuaimiya 3, followed by Al Nuaimiya 2 and Al Nuaimiya 1 respectively.
Next, Bayut & dubizzle’s H1 2021 market report analyses the most sought-after areas to buy and rent villas as well as their real estate prices in Ajman.
Top 10 areas to buy and rent villas in Ajman
BUYING VILLAS | RENTING VILLAS |
|---|---|
BUYING VILLAS Al Yasmeen | RENTING VILLAS Al Rawda |
BUYING VILLAS Al Zahya | RENTING VILLAS Al Mowaihat |
BUYING VILLAS Al Rawda | RENTING VILLAS Al Hamidiyah |
BUYING VILLAS Al Mowaihat | RENTING VILLAS Al Yasmeen |
BUYING VILLAS Al Hamidiyah | RENTING VILLAS Al Nuaimiya |
BUYING VILLAS Al Helio | RENTING VILLAS Al Helio |
BUYING VILLAS Al Jurf | RENTING VILLAS Al Jurf |
BUYING VILLAS Al Zorah | RENTING VILLAS Ajman Uptown |
BUYING VILLAS Corniche Ajman | RENTING VILLAS Musherief |
BUYING VILLAS Al Rashidiya | RENTING VILLAS Al Rashidiya |
Al Yasmeen is the most popular choice for buying villas in Ajman
Known for its ancient forts, beaches and natural reserves, the area of Al Yasmeen has emerged as the most popular for buying villas in Ajman. This suburban community offers residents easy access to essential amenities like supermarkets, parks and restaurants, which explains its continued popularity with investors. The price to buy villas in Al Yasmeen starts from AED 750k, as per current listings on Bayut.
Following in second place for the most popular areas to buy villas in the emirate has been Al Zahya. The residential development is connected to the city centre by Sheikh Mohammed Bin Zayed Road (E311). The cost of the villas for sale in Al Zahya starts at AED 800k, according to current listings on Bayut.
Al Rawda has taken the third spot in the list of popular areas to buy villas in Ajman. This neighbourhood lies close to the Ajman-Sharjah border, which makes it ideal for those who commute between the two emirates frequently. To buy villas in Al Rawda, investors can expect to pay a starting price of AED 900k.
Prospective buyers looking for houses in Ajman have also focussed their search on Al Mowaihat, Al Hamidiyah, Al Helio, Al Jurf and Al Zorah.
Al Helio has the highest ROI
The villa community of Al Helio has been the best option for investors in H1 2021, boasting an impressive ROI of 6.06%, based on projected rental yields. Other areas that have also been yielding healthy returns include Al Zahya, Al Yasmeen, Al Mowaihat and Al Rawda. Al Zahya offers an average ROI of 6.04%, with Al Yasmeen following at 5.88%, Al Mowaihat at 4.81% and Al Rawda at 4.36%.
Al Rawda is the most attractive choice to rent villas in Ajman
Al Rawda has been the most popular area to rent villas in Ajman in the first half of 2021. Its large property portfolio, family-oriented environment and proximity to neighbouring emirates have resulted in its continued appeal with renters. The villas for rent in Al Rawda have a starting yearly cost of AED 40k, as per current listings on Bayut.
Ranking second in popularity for rental villas in the emirate is Al Mowaihat. The community provides easy access to Sheikh Mohammed Bin Zayed Road (E311), which makes it convenient for residents to commute to other emirates. The annual cost to rent villas in Al Mowaihat starts at AED 49k, according to current listings on Bayut.
Taking the third spot for renting villas is Al Hamidiyah which lies towards the eastern outskirts of Ajman. It is connected to major hubs in the city via Sheikh Maktoum Bin Rashid Street. As per listings on Bayut, the cost to rent villas in Al Hamidiyah starts at AED 45k.
Other popular areas to rent villas in Ajman have been Al Yasmeen, Al Nuaimiya, Al Helio, Al Jurf and Ajman Uptown.
Top off-plan projects in Ajman
Area | Project |
|---|---|
Area Ajman Uptown | Project Camellia |
Area Al Amerah | Project Al Mazraa Tower |
Those keen to invest in Ajman real estate can also consider the emirate’s off-plan sector. In the first half of 2021, Camellia in Ajman Uptown has emerged as the top off-plan project in the emirate. This can be attributed to its ideal location on Sheikh Mohammed bin Zayed Road (E311) and its affordable prices. While some of the villas in Camellia have been completed, others are still under development.
Ranking second among the top off-plan projects in Ajman is Al Mazraa Tower in Al Amerah. The upcoming project comes with a range of amenities such as a swimming pool, health club and nursery. As per listings on Bayut, flats in Al Mazraa Tower have a starting sales price of AED 360k.
Commenting on the trends, the CEO of Bayut & dubizzle and Head of EMPG MENA, Haider Ali Khan, said: “The growing positive sentiment in Dubai and Abu Dhabi can also be seen in the Sharjah and Ajman property markets in the first half of 2021. Real estate transactions in both emirates have been on the rise, and certain neighbourhoods have even seen an uptick in sales prices. On Bayut & dubizzle, too, we’ve recorded upwards of 7 million sessions for properties in Sharjah and Ajman over the last six months alone. With these competitive prices and strong rental returns, we can expect demand to stay strong for the Northern Emirates real estate market in the coming months.”
That concludes our market report for property prices in Ajman for H1 2021. The outlook for Ajman’s real estate market is positive, due to high rental returns and steady prices in the first six months of the year.
Apart from our Ajman real estate market report 2021, property seekers can also take a look at our comprehensive real estate reports for other emirates. Find out how the property market has fared in the UAE capital with our Abu Dhabi half-yearly rental report for 2021 and Abu Dhabi H1 2021 sales property market report. If you are interested in investing or renting in the third-largest emirate of the UAE, take a look at Bayut and dubizzle’s Sharjah property market report for H1 2021.
Disclaimer: The above report is based on property prices in Ajman advertised by real estate agencies on behalf of their clients on Bayut.com and dubizzle.com, and not representative of actual real estate transactions conducted in Ajman.
