- Popular Area to Buy Apartments
- Top Areas to Buy Villas
- Popular Areas to Rent Apartment
- Top Areas for Renting Villas
Ajman’s real estate market has exhibited noticeable upward trends during the first half of 2024, resulting in robust market performance. The northern emirate has remained attractive to new residents seeking a reasonable cost of living and strategic location, facilitating seamless inter-emirate commutes to Dubai and Sharjah. Consequently, this influx of population has driven a surge in property demand across the emirate. dubizzle’s search trends support this observation, indicating upward trajectories across most real estate segments within Ajman.
This report details the property market trends in Ajman for H1 2024, based on dubizzle’s expert analysis. Let’s begin with key highlights of the market’s performance during H1 2024, compared to H2 2023.
- Al Rashidiya has remained the top choice for apartment buyers in H1 2024, observing a price hike of 9.34%.
- Al Yasmeen has captured the interest of both villa buyers and renters to secure the top spot, resulting in a 6% increase in the average price and a 17.71% jump in rent.
- In H1 2024, the average per-square-foot prices for both apartments and villas in Ajman have increased across all popular areas.
- Al Nuaimiya, Al Rashidiya and Al Jurf have been the top three areas for apartment rentals in Ajman.
- The highest ROI has been recorded in Ajman Downtown, where apartments have yielded a decent return of 10.93% in H1 2024.
- Al Zahya, on the other hand, has generated the highest ROI of 6.8% on villas, outperforming all other popular areas.
The Ajman real estate market report for H1 2024 is based on a comprehensive real estate trend analysis, which has been coherently segmented for easier understanding. The sales and rental trends for apartments and villas in Ajman have been elaborated in separate sections.
It is pertinent to mention that the below-mentioned areas and prices in the 2024 Ajman annual market report are according to the dubizzle’s data and do not represent the actual market transactions.
Popular Areas to Buy Property in Ajman
In H1 2024, the trend of buying real estate in Ajman has been gaining momentum. The emerging property market hints at a prosperous future with urban development projects like Ajman Vision 2030 in the pipeline.
Top Areas to Buy Apartments in Ajman
Let’s learn more about the areas that have turned out to be a preferred choice for Ajman apartment buyers in H1 2024.
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023 | TRANSACTION PRICE Avg. PriceChange from H2 2023 | Studio | 1-Bed | 2-Bed |
|---|---|---|---|---|---|---|
| Al Rashidiya | ROI 8.74% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| Studio
| 1-Bed
| 2-Bed
|
| Emirates City | ROI 8.96% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| Studio
| 1-Bed
| 2-Bed
|
| Al Nuaimiya | ROI 7.83% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| Studio
| 1-Bed
| 2-Bed
|
| Ajman Downtown | ROI 10.93% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| Studio
| 1-Bed
| 2-Bed
|
| Al Yasmeen | ROI 6.66% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| Studio
| 1-Bed
| 2-Bed
|
Al Rashidiya
Occupying a prime spot in the heart of the emirate, Al Rashidiya has emerged as the most popular area for apartment buyers. In proximity to Rumaila and Ajman Downtown, Al Rashidiya enjoys a strategic location and is known for its high-end urban experience and serene environment.
- In H1 2024, the average price of an apartment for sale in Al Rashidiya has increased to AED 538k with an 8.74% ROI.
- After a slight increase, the asking price of a studio apartment in the area has averaged AED 207k.
- The asking prices of 1-bedroom and 2-bedroom apartments in Al Rashidiya have also increased, averaging AED 430k and AED 632k, respectively.
Emirates City
A masterfully planned project designed with an eclectic mix of residential, lifestyle and commercial spaces, Emirates City enjoys great real estate significance in Ajman. As per dubizzle H1 2024 data, this emerging area has secured the second spot for apartment investment in the emirate.
- The average asking price for apartments in Emirates City has hovered around AED 269k in the first half of 2024, offering an impressive 8.96% ROI.
- The average price per square foot for apartments in the area has been around AED 243, with a noteworthy increase of 10.99% from H2 2024.
- The asking price for studio and 2-bed apartments in Emirates City has averaged AED 267k and AED 333k, respectively.
Al Nuaimiya
Al Nuaimiya has ranked third on the list of popular areas to buy apartments in Ajman. It is popular for offering a vibrant environment dotted with apartment complexes. Al Nuaimiya is well-connected to Al Rashidiya and is situated along the Ajman-Sharjah border. Moreover, the area is connected via main roads, such as Sheikh Khalifa Bin Zayed Street, towards the northern boundary.
- The average price of an apartment in Al Nuaimiya has been AED 386k after a nominal hike of 2.38%.
- Prices have generally gone up for almost every apartment type. For instance, the average price of a studio apartment increased to AED 204k from AED 180k in H2 2023.
- In H1 2024, the asking price of 1-bedroom and 2-bedroom apartments in Al Nuaimiyah has averaged AED 314k and AED 495k, respectively.
A buzzing metropolitan area with pristine coastal attractions, Ajman Downtown has ranked fourth among popular areas to buy apartments in the emirate. The average price of an apartment for sale in Ajman Downtown has been AED 294k, yielding a 10.93% ROI.
According to dubizzle search trends, Al Yasmeen has also been another popular area among apartment buyers in H1 2024. The asking price of an apartment for sale in Al Yasmeen has averaged AED 451k, generating an ROI of 6.66%.
Top Areas to Buy Villas in Ajman
The landscape of Ajman boasts serene villa communities. According to H1 2024 trends, among the many available choices, the following areas have remained highly sought-after among villa buyers.
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023 | TRANSACTION PRICE Avg. PriceChange from H2 2023 | 3-bed | 4-bed | 5-bed |
|---|---|---|---|---|---|---|
| Al Yasmeen | ROI 6.42% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 3-bed
| 4-bed
| 5-bed
|
| Al Zahya | ROI 6.80% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 3-bed
| 4-bed
| 5-bed
|
| Al Rawda | ROI 5.51% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 3-bed
| 4-bed
| 5-bed
|
| Al Helio | ROI 5.86% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 3-bed
| 4-bed
| 5-bed
|
| Al Mowaihat | ROI 5.14% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 3-bed
| 4-bed
| 5-bed
|
Al Yasmeen
According to search trends on dubizzle, Al Yasmeen has secured the top spot as the most popular area for villa investment in Ajman in H1 2024. A host of factors have consistently contributed to its popularity. Al Yasmeen enjoys a prime location with seamless connectivity to major UAE highways for hassle-free inter-emirate commutes to Dubai and Sharjah.
- In H1 2024, the asking price of villas for sale in Al Yasmeen averaged AED 1.41M, producing an ROI of 6.42%.
- The price per square foot has been hiked to AED 449 from AED 432 in H2 2023.
- In H1 2024, the sales price of 3, 4 and 5-bedroom villas in Al Yasmeen have averaged AED 1.25M, AED 1.37M and AED 1.4M.
Al Zahya
Surrounded by key thoroughfares, such as Sheikh Mohammed Bin Zayed Road (E311), Al Hamriyah Road (S144) and Al Zahya Street, Al Zahya enjoys a strategic location. According to dubizzle trend analysis, it has been the second most popular area for buying villas in Ajman.
- After recording a hike of 9.15%, the average price of villas for sale in Al Zahya has reached AED 1.28M with an impressive 6.8% ROI.
- The price per square foot has been observed at AED 418, with a noticeable jump of 6.7% in H1 2024.
- The prices for 3, 4 and 5-bedroom villas in Al Zahya have averaged AED 1.12M, AED 1.15M and AED 1.39M, respectively.
Al Rawda
Outperforming many other areas, Al Rawda has remained the third most popular choice for buying villas in Ajman. Located on the outskirts of the emirate, the area offers villas in a peaceful, family-friendly environment. Its proximity to Sharjah further makes it an ideal location for residents who frequently travel between emirates.
- In H1 2024, the average price of villas for sale in Al Rawda has been recorded at AED 1.86M, yielding an ROI of 5.51%.
- The average price per square foot for villas in the area has been AED 380, jacked up by 7.09% compared to H2 2023.
- For 3, 4 and 5-bed villas, the asking price has averaged AED 1.4M, AED 1.41M and AED 1.93M, respectively.
Garnering the attention of aspiring villa owners, Al Helio has also emerged as a sought-after area for buying villas in Ajman. According to dubizzle, the asking price of a villa in this serene community has averaged AED 1.53M, with investors enjoying an ROI of 5.86%.
Occupying the fifth position, Al Mowaihat is a relatively new development in the south of Ajman known for affordable property prices. A villa for sale in the community has been available for an average price of AED 1.9M with a 5.14% ROI.
Popular Areas to Rent Property in Ajman
When seeking a property for rent in Ajman, aspiring tenants encounter a myriad of options. However, some areas pique renters’ interest more than others, securing top spots on the popularity list.
Top Areas to Rent Apartments in Ajman
POPULAR AREAS | studio Avg. Yearly RentChange from H2 2023 | 1-bed Avg. Yearly RentChange from H2 2023 | 2-bed Avg. Yearly RentChange from H2 2023 |
|---|---|---|---|
| Al Nuaimiya | studio Avg. Yearly RentChange from H2 2023
| 1-bed Avg. Yearly RentChange from H2 2023
| 2-bed Avg. Yearly RentChange from H2 2023
|
| Al Rashidiya | studio Avg. Yearly RentChange from H2 2023
| 1-bed Avg. Yearly RentChange from H2 2023
| 2-bed Avg. Yearly RentChange from H2 2023
|
| Al Jurf | studio Avg. Yearly RentChange from H2 2023
| 1-bed Avg. Yearly RentChange from H2 2023
| 2-bed Avg. Yearly RentChange from H2 2023
|
| Al Rawda | studio Avg. Yearly RentChange from H2 2023
| 1-bed Avg. Yearly RentChange from H2 2023
| 2-bed Avg. Yearly RentChange from H2 2023
|
| Emirates City | studio Avg. Yearly RentChange from H2 2023
| 1-bed Avg. Yearly RentChange from H2 2023
| 2-bed Avg. Yearly RentChange from H2 2023
|
| Not available due to low/no historical inventory or influx of off-plan properties | |||
On average, Ajman offers a reasonable yearly rent for different types of apartments across its landscape. Besides rental trends, location, urban environment and a host of other factors allow some areas to outperform others. According to dubizzle trends observed in H1 2024, the areas to rent apartments in Ajman that have remained popular in searches are as follows.
Al Nuaimiya
According to dubizzle search trends during H1 2024, Al Nuaimiya has occupied the top spot among popular areas for apartment renters. The annual rent for apartments in the area has experienced a surge of 21.43%, averaging AED 34k. The sharp incline has been recorded due to a hike in demand for rental apartments.
- The annual rent has averaged AED 23k for a studio apartment and AED 31k for a 1-bedroom apartment in Al Nuaimiya.
- The rent for 2-bedroom apartments in the area has been observed at AED 38k/year on average.
Al Rashidiya
Al Rashidiya has ranked second on the list. The immense popularity of the area among rental apartment seekers is well-reflected by a staggering jump of 42.86% in the average annual rent, which has reached AED 40k in H1 2024 from AED 28k in H2 2023. Other factors like new developments and availability of more furnished apartments with a range of amenities have also contributed to the ballooning rent in Al Rashidiya.
- The average yearly rent for studio apartments for rent in Al Rashidiya has been AED 29k.
- Reaching new highs, the asking rent for 1- and 2-bed apartments in the area has averaged AED 30k and AED 51k per year, respectively.
Al Jurf
Known for its peaceful environment and affordable properties, the mixed-use development of Al Jurf has remained the third most sought-after area for renting apartments in Ajman. Due to its increasing popularity and growing number of settlers, the demand for rental apartments in the area has increased significantly. Such factors have caused a surge of 37.5% in the average asking rent for apartments in Al Jurf, which has jumped from AED 24k in H2 2023 to AED 33k in H1 2024.
- Studio apartments in Al Jurf have an average asking rent of AED 32k per year.
- The average rent of 2-bedroom apartments in the area has increased by 25.71%, reaching AED 37k per year in H1 2024.
Al Rawda has also remained a sought-after location among apartment renters in Ajman. The neighbourhood has emerged in the fourth spot on the popularity list. The average annual rent of apartments in Al Rawda has been AED 37k, after an uptick of 27.59% from H2 2023.
As per dubizzle H1 2024 trends, Emirates City has also made the list of popular apartment rental areas. Given the upward trends, the average rent in the area has increased by 19.05%, reaching AED 25k a year.
Top Areas to Rent Villas in Ajman
POPULAR AREAS | 3-bed Avg. Yearly RentChange from H2 2023 | 4-bed Avg. Yearly RentChange from H2 2023 | 5-bed Avg. Yearly RentChange from H2 2023 |
|---|---|---|---|
| Al Yasmeen | 3-bed Avg. Yearly RentChange from H2 2023
| 4-bed Avg. Yearly RentChange from H2 2023
| 5-bed Avg. Yearly RentChange from H2 2023
|
| Al Rawda | 3-bed Avg. Yearly RentChange from H2 2023
| 4-bed Avg. Yearly RentChange from H2 2023
| 5-bed Avg. Yearly RentChange from H2 2023
|
| Al Zahya | 3-bed Avg. Yearly RentChange from H2 2023
| 4-bed Avg. Yearly RentChange from H2 2023
| 5-bed Avg. Yearly RentChange from H2 2023
|
| Al Mowaihat | 3-bed Avg. Yearly RentChange from H2 2023
| 4-bed Avg. Yearly RentChange from H2 2023
| 5-bed Avg. Yearly RentChange from H2 2023
|
| Al Hamidiyah | 3-bed Avg. Yearly RentChange from H2 2023
| 4-bed Avg. Yearly RentChange from H2 2023
| 5-bed Avg. Yearly RentChange from H2 2023
|
| Not available due to low/no historical inventory or influx of off-plan properties | |||
The demand for rental villas in Ajman has also soared in H1 2024. Factors like affordable rental trends, the emergence of well-appointed property options and the abundance of family-friendly units have all contributed to the popularity of rental villas in Ajman. Here’s a roundup of the most sought-after areas among villa renters in Ajman, detailing the fluctuations in rental trends and other key insights.
Al Yasmeen
Al Yasmeen has also remained the prime choice among villa renters. Acquiring the top spot on the list, the area has stood out among all other popular areas with villa rentals in Ajman. In H1 2024, the average rent for a villa here has jumped to AED 113k from AED 96k in H2 2023.
- After a 16% jump, the asking rent for a 3-bedroom villa in Al Yasmeen has averaged AED 87k per year.
- The annual rent of a 4-bed villa in the area has averaged AED 97k, whereas the average rent of a 5-bedroom villa has averaged AED 114k.
Al Rawda
Offering an eclectic mix of contemporary residential units with different configurations, Al Rawda has emerged as the second most popular area for renting villas in Ajman. Observing a nominal 0.9% hike, the average rent for villas in the area has been recorded at AED 105k in H1 2024.
- The annual asking rent of 3-bed villas in Al Rawda has reached AED 69k, after a 4.55% hike from H2 2023.
- An upward trend has been observed in the average rent of both 4-bed and 5-bed villas, which have been recorded at AED 78k and AED 108k per year, respectively.
Al Zahya
According to dubizzle search trends, Al Zahya turned out to be the third most searched area for rental villas in Ajman. Given its consistently growing popularity, the average rent for villas in the area has appreciated by 2.76% in H1 2024, reaching AED 95k a year.
- The yearly rent of 3-bed villas in Al Zahya has been recorded at AED 84k in H1 2024 after a nominal hike of 1.2%, compared to H2 2023.
- The rent of 5-bed villas in the area has averaged AED 101k after recording an increase of 3.06% in the first half of the year.
Al Mowaihat has also been among popular areas for Ajman villa renters. After an increase of 5.94%, the average rent of villas in the area has increased from AED 101k in H2 2023 to AED 107k in H1 2024.
Al Mowaihat is closely followed by Al Hamidiyah, which has also made the list of top areas to rent villas in Ajman. The annual asking rent of rental villas in Al Hamidiyah has averaged AED 113k after an increase of 9% in H1 2024.
That wraps up dubizzle’s Ajman real estate market report for H1 2024. The analysis of the price and rental trends observed during the said period has revealed significant real estate growth in the northern emirate. While residents have benefited from reasonable real estate prices, favourable rental trends, well-planned urban environments and a range of amenities in Ajman, investors have capitalised on a high-yielding property market with rewarding potential.
Keep reading the dubizzle’s property blog for more data-driven analysis and updates on the thriving property markets across the UAE, similar to the H1 2024 Ajman real estate market report.
