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Current Ajman rentals

Salams all

Does anyone know what the current rental levels are in Ajman for 1 and 2 bedroom flats? I'd be most grateful if someone could give me an indication.

Thanks very much
Wassalam
Arbab

Ajman Rental

Rental varies from location to location. Currently It is difficult to find rooms for new high rise towers. However, older buildings for 1-bed will cost about 25K and 2-bed 30K. New towers for 1-bed will range from 30K-40K.

Cheers

Thanks Mastercho, hopefully

Thanks Mastercho, hopefully by the time EC is ready we'll hopefully be able to rent 1 beds out between 35-40k per annum.

To: Arbakhan

We will have to wait and see, but to depend on Rental in Ajman would be a major mistake...

To me Rental will only get cheaper within few years, as purchasing may become more available in the market.

Construction and development will not stop for another 10years from today. Ofcourse Dubai and Abu dhabi may continue to show high level of attraction, Ajman will be next.

EC investment is safe therefore u've made a right choice!

Keep it up~

To: Arbakhan

We will have to wait and see, but to depend on Rental in Ajman would be a major mistake...

To me Rental will only get cheaper within few years, as purchasing may become more available in the market.

Construction and development will not stop for another 10years from today. Ofcourse Dubai and Abu dhabi may continue to show high level of attraction, Ajman will be next.

EC investment is safe therefore u've made a right choice!

Keep it up~

Ajman Rental

Ajman is an emirate that currently has no cap on rentals. Whilst I do not expect it to overtake Dubai in terms of rentals I feel that developments such as Emirates City that are a short drive away from the financial centre will make good rental investments. A flat in Jumeriah would take longer to get to than a flat in Emirates City. With all these new developments arising in Ajman it should make it a more attractive place to live - thereby pushing up rents further. Currently it is one of the cheapest emirates to rent in and experienced a 30% rise in rents over the past year.

Currently, things are looking good. If 1 bed rents are about 40k today, then assuming things only go up at the curretnly inflationary rate of approximately 10%, I think a rent of 50K in 2 years or 55k in 3 years would not seem only unreasonable but probably a modest estimate.

I totally disagree with u aziz

Ajman is still 100% dependent on Dubai's growth. The main reason most apt are filled is because of cheap rental to accomodate dubai resident. supposedly the rents go up by 50%, why would employees from dubai come to EC or Ajman?

unless dubai rents keep skyrocketing, the chances for higher rental within few years are slim.

Ajman rents

I think we agree on the same thing Mastercho. I am saying that even if rents increase only inline with inflation then there should be a good return. As you are aware, inflation affects the whole of th UAE and so I would also expect inflation to have a similar effect on prices in dubai making their rents higher than Ajman.

Chapal coral

Hi, there,

Is anyone here investing in Chapal coral in ajman. I would like to share the information. Does anyone know, if any work has started for chapal coral, in emirates city?

shami twin towers

does anybody know whats the situation with shami twin towers need to make payment should i go ahead

sara

Property rates all over the world are in difficulty. In short, real estate market is not stable all over the world due recession. We have a big example of Dubai rental property which is decreasing day by day. Ajman rental situation is not different it is also in difficulty. You can easily get all important information about Ajman rental property through this site.

B22-Shami Twin Tower

Anyone knows about B22-Shami Twin Tower.Whats is going on for this project?

akhiabani's picture

the whole B row is

The whole B row is only three paradise towers ready and two almost ready...Nothing else is going on..

Raw B

Salaaam Akhiabani,

you commented that out of whole raw only 3 paradise lake towers i.e B5 B6 and B9. Could you kindly update if at all there is any progress with regards to Paradise Lake Towers B 8 ?

Warm regards,
Lee

Hi Lee and everyone else I

Hi Lee and everyone else
I was there last week b8 b7 b6 b5 the construction has been completed and local authorities they approved ( witnessed doc.) They waiting generators they told me ( sweet homes) will be installed after ramadan. Near by 2 towers can't remember name people are living and cars parked outside, I saw a school bus dropping kids, there is a real estate agent rep.sign says "super market coming soon" went inside b6 and b5 bright and clean building. Sweet homes they started giving the keys but you have to pay the blance as one go and have your keys!!!. This is the situation so far, hope everything goes well and my info. helps..
Regards
willi.

akhiabani's picture

B7 and B8

I am a little confused. You saw completion certificate for these towers but the picture in Stargiga crooks May 31 update of tower A clearly shows that B7 and B8 are not completed from outside!!!

Update

Hi Willi,
thanks mate for the up date, greatly appreciated.
warm regards,
Lee

good update thanks

good update thanks