When it comes to investing in the United Arab Emirates (UAE), Dubai often takes center stage. However, for astute investors, there's a rising star on the horizon that demands attention – Ajman. As the smallest emirate, Ajman is rapidly emerging as an attractive destination, particularly for those seeking beachfront appeal. Here's why investors should turn their gaze toward Ajman:
- Ajman's real estate market has demonstrated impressive growth, with apartment prices experiencing a noteworthy +12% increase over the past year.
- The emirate offers a diverse range of investment options with apartment prices ranging from $700 to $2500 per square meter, catering to different investor preferences and budgets.
- Investors can expect solid returns on their investments, with real estate profitability ranging between 7% and 9%, providing a lucrative opportunity for those looking to optimize their returns.
- Ajman stands out by offering the option to purchase real estate at full price, providing flexibility for investors to structure their transactions based on individual financial strategies.
- The emirate's real estate market is witnessing growing investor interest, with a significant increase in transaction volumes. In the first half of 2023 alone, Ajman recorded 5,300 real estate transactions totaling $1.9 billion – a notable 15% increase compared to the previous year.
- For investors looking to capitalize on rental opportunities, Ajman presents a strategic choice. With property prices on the rise but still relatively affordable, entering the market now allows investors to secure properties before the potential surge in demand.
While Dubai remains a focal point for real estate investment in the UAE, Ajman's burgeoning market and promising indicators make it a compelling alternative. Investors keen on diversifying their portfolios and exploring emerging opportunities should take note of Ajman's remarkable growth trajectory. From competitive property prices to attractive ROIs and increasing transaction volumes, Ajman's real estate landscape is evolving, offering a potential gateway to rewarding investments.
As the market gains momentum, now may be the opportune moment for investors to explore the untapped potential of Ajman with the guidance and support of VelesClub, which showcases premier developments in the UAE.
