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Real Estate in Ajman, UAE | Digital Nomad Exchange
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Real Estate in Ajman, the UAE

By Betsy Burlingame

Last updated on Oct 09, 2024

Summary: People living in Ajman, UAE offer advice about real estate. How do you find a home in Ajman? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Ajman?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Ajman, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a studio apartment to a villa, depending on your needs and financial capacity. Next, you should research the different neighborhoods in Ajman to find one that suits your lifestyle and preferences. Some popular areas include Al Rashidiya, Al Nuaimiya, and Al Rawda. Consider factors such as proximity to work or school, availability of public transportation, safety, and nearby amenities such as supermarkets, restaurants, and parks. Once you have a clear idea of what you're looking for, you can start your search. There are several online property portals that list available properties for rent or sale in Ajman, such as Bayut, Property Finder, and Dubizzle. These websites allow you to filter your search based on location, property type, price range, and other criteria. You can also engage the services of a real estate agent to help you find a suitable place. They can provide valuable insights about the local property market and negotiate on your behalf. Make sure to choose a reputable agent who is registered with the Real Estate Regulatory Agency (RERA) in the UAE. Once you've found a potential place, arrange for a viewing. Check the condition of the property, ask about maintenance and utility costs, and try to get a feel for the neighborhood. If you decide to proceed, you'll need to negotiate the terms of the lease or purchase agreement. In the UAE, it's common to pay rent in advance for the entire year, although some landlords may accept payments in multiple installments. You'll also need to provide a security deposit, which is usually refundable at the end of your lease. Finally, once the agreement is signed, you'll need to register your tenancy contract with the Ajman Real Estate Regulatory Agency (ARRA). This is a mandatory step to ensure your rights as a tenant are protected. Remember, finding a place to live in Ajman, like anywhere else, can take time and patience. But with careful planning and research, you can find a home that suits your needs and budget," remarked one member in Ajman.

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What is a typical expat home or apartment like in Ajman?

"A typical expat home or apartment in Ajman, is usually modern and spacious, with a blend of traditional and contemporary design elements. These homes often come fully furnished with high-quality furniture and appliances. They usually have large windows, allowing for plenty of natural light and offering stunning views of the city or the Arabian Gulf. The living area is typically large and open, often combined with a dining area. The kitchen is usually equipped with modern appliances and ample storage space. Bedrooms are generally spacious, often with built-in wardrobes and en-suite bathrooms. Some apartments may also have a maid's room or a study room. Most expat homes in Ajman come with amenities like a swimming pool, gym, and parking space. They are often located in secure gated communities or high-rise buildings with 24/7 security and maintenance services. The location of these homes is usually strategic, close to shopping malls, restaurants, schools, and healthcare facilities. Despite being in a bustling city, these homes often offer a peaceful and quiet living environment. The architecture and design of these homes reflect the luxurious lifestyle of the UAE, with a touch of the country's rich culture and heritage," said one person in Ajman.

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What is the average cost of housing in Ajman?

If you are thinking about moving to Ajman, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Ajman, United Arab Emirates, can vary greatly depending on the type and size of the property. For instance, a one-bedroom apartment in the city center may cost around AED 20,000 to AED 30,000 per year to rent, while a similar property outside the city center may cost slightly less. If you're looking to buy property, a standard two-bedroom apartment in Ajman might cost somewhere between AED 200,000 to AED 500,000. However, these prices can fluctuate based on market conditions, the exact location of the property, and the amenities offered," remarked one member in Ajman.

Should I buy or rent a home in Ajman?

If you have not spent a lot of time in Ajman, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Ajman, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Ajman for a long time, buying a home could be a good investment. Owning a property allows you to build equity over time and could potentially provide a return on investment if property values increase. On the other hand, renting a home in Ajman could be a better option if you're not planning to stay long-term or if you prefer flexibility. Renting doesn't require a large upfront investment and it's generally easier to move if your circumstances change. It also means you won't have to worry about property maintenance or fluctuating property values. Financially, you'll need to consider whether you can afford the upfront costs of buying a home, including the down payment and closing costs. You'll also need to think about ongoing costs like mortgage payments, property taxes, insurance, and maintenance. If these costs are too high, renting might be a more affordable option. In terms of lifestyle, owning a home can provide a sense of stability and the freedom to customize your living space. However, it also comes with more responsibility and less flexibility than renting. Ultimately, the decision to buy or rent a home in Ajman, UAE, should be based on your personal and financial circumstances. It's a good idea to consult with a financial advisor or real estate professional to help you make the best decision for your situation," remarked one member in Ajman.

About the Author

Betsy Burlingame Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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