Our analysis of search trends in the Ajman real estate market has shown promising growth in 2022. Our annual market report Ajman 2022 presents an in-depth analysis of the property prices and rental trends observed during 2022.
According to the data, investors have shown interest in some of the prominent areas, including Emirates City, Al Nuaimiya and Ajman Downtown. These areas have garnered interest due to their higher standard of living and an array of family-friendly amenities. As per the rental trends, tenants have shown interest in Ajman’s top areas, including Al Nuaimiya, Al Rashidiya and Al Jurf. However, Al Mowaihat, Al Rawda and Al Yasmeen have remained popular among people seeking villas to buy or rent in Ajman.
For accurate representations of top areas with property for sale in Ajman, our annual report compares the average price-per-square-foot for an area. However, for rental properties in Ajman, the cost is compared with the average asking rent in each area.
Please note that these prices and rents are subject to change as per the location, available amenities, the developer involved in the project and other key factors.
Top Areas for Buying Apartments in Ajman
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021 | STUDIO | 1-BED | 2-BED |
|---|---|---|---|---|---|
| Emirates City | ROI 9.89% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| Al Nuaimiya | ROI 7.13% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| Ajman Downtown | ROI 10.28% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| Al Rashidiya | ROI 8.99% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| Corniche Ajman | ROI 6.97% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
According to the annual market report Ajman 2022, Emirates City has emerged as the most popular area to buy apartments in 2022. Besides, Al Nuaimiya, Ajman Downtown, Al Rashidiya and Corniche Ajman have also been popular among people looking to buy apartments in Ajman.
An analysis of the Emirate’s property market reveals how popular areas in Ajman have performed during the year.
With an average sales price of AED 196k and an ROI of 9.9% Emirate City has been a popular choice for those looking to buy apartments in Ajman. Located along the Sheikh Mohammed Bin Zayed Road E311, Emirate City is one of the most upscale residential neighbourhoods in the Emirate. It offers amenities like a play area, mosques, hospitals and educational institutes.
- The average sales price-per-square-foot for apartments has recorded a decrease of 3.7 %, bringing it down to AED 169 from AED 176.
- The average asking price for studio has been AED 120k, and the prices for 1 and 2-bed apartments have averaged AED 162k and AED 229k, respectively.
- The average price of 3-bed flats in Emirate City has been AED 260k.
Al Nuaimiya has been the second most popular area for apartment buyers in Ajman. As per dubizzle’s data Ajman annual market report 2022, the average sales price of Al Nuaimiya has been AED 375k with a 7.13% ROI.
The area is located between Ajman and Sharjah border and enjoys the proximity to many key areas of the Emirate.
- The average sales price-per-square-foot for apartments has recorded an overall decrease of 6% from AED 353 in 2022 to AED 376 in 2021.
- With an overall decrease, the asking price has averaged at AED 157k for studio apartments in 2022, AED 308k for 1-bed flats and AED 461k for 2-bed flats.
- The price of 3-bed flats in Al Nuaimiya averaged at AED 427k in 2022.
With an average sales price of AED 263k and an ROI of 10%, Ajman Downtown has ranked third most popular among investors looking for apartments in Ajman. The area features several modern buildings offering modern amenities and facilities.
- Ajman Downtown has recorded a slight decrease in sales price-per-square-foot, which dropped from AED 191 in 2021 to AED 186 in 2022.
- The average asking price of studio flats in Ajman Downtown has been AED 156k, while the prices of 2 and 3-bed apartments have averaged at AED 209k and AED 294k, respectively.
- The average cost of 4-bed apartments in Ajman Downtown has been AED 367k.
With an average sales price of AED 330k and an ROI of 8.99%, Al Rashidiya has also been a popular area for buying an apartment in Ajman in 2022. The area allows easy access to the E11 highway and boasts several amenities such as Ajman Stadium, schools, hospitals and restaurants.
- The average sales price-per-square-foot for apartments in Al Rashidiya has experienced a decrease of around 10%, going from AED 268 in 2021 to AED 241 in 2022.
- The average price of studio and 1-bed apartments in the area has also decreased to AED 152k and AED 227k, respectively.
- The average cost of 2-bed apartments for sale in Al Rashidiya has increased from AED 345k to AED 404k in 2022. Whereas, the price of 3-bed flats has averaged at AED 403k.
According to the annual market report Ajman 2022, Corniche Ajman has ranked fifth in the list of popular areas to buy flats in the Emirate. The average sales price of apartments in the area has been around AED 862k, with a 6.9% ROI.
As one of the popular tourist attractions in Ajman, Corniche Ajman has been quite popular among investors.
- The average sales price-per-square-foot for apartments in Corniche has recorded an overall decrease of 7.5%, dropping from AED 440 to AED 407 in 2022.
- The asking prices of apartments for sale have increased in the area averaging at AED 340k for studio flats, AED 593k for 1-bed and AED 793k for 2-bed flats in 2022.
- The average price of 3-bed flats in Al Nuaimiya has been AED 1.30M
TOP AREAS FOR RENTING APARTMENTS IN AJMAN
Tenants looking for apartments to rent in Ajman on yearly basis have shown interest in Al Nuaimiya, Al Rashidiya, Al Jurf, Ajman Downtown and Emirates City.
On the other hand, Al Rashidiya, Al Nuaimiya, Al Rawda, Al Jurf and Al Mowaihat have been popular areas for renting apartments in Ajman on a monthly basis.
APARTMENTS FOR RENT IN AJMAN ON A YEARLY BASIS
POPULAR AREAS | STUDIO Avg. Yearly RentChange from 2021 | 1-BED Avg. Yearly RentChange from 2021 | 2-BED Avg. Yearly RentChange from 2021 |
|---|---|---|---|
| Al Nuaimiya | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Al Rashidiya | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Al Jurf | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Ajman Downtown | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Emirates City | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Not available due to low/no historical inventory or influx of off-plan properties | |||
According to Ajman rental market report for 2022, the following have been the popular areas to rent an apartment in Ajman on an annual basis.
As per the Ajman real estate market report for 2022, Al Nuaimiya has ranked on top as the most popular area to rent apartments on a yearly basis.
- With an overall price increase of 9.8%, the rent for apartments in Al Nuaimiya has averaged at AED 25k.
- The average yearly rent in Al Nuaimiya has been around AED 14k for studio apartments and AED 29k for 2-bed flats.
Al Rashidiya has ranked second with an average rental rate of AED 23k, recording a slight increase of 3.5%.
- Compared to the previous year, the annual rent for studio apartments in Al Rashidiya has increased to an average of AED 16k.
- The rent of 2-bed apartments has also increased 16.5%, with an average rent of AED 31k in 2022.
Al Jurf has been the third most popular area among tenants looking for apartments in Ajman.
- The average rental cost of the area has remained AED 20k in 2022.
- The rental price for apartments in Al Jurf has averaged at AED 14k for studio apartments and AED 27k for 2-bed apartments.
Ajman Downtown has ranked fourth among the most popular areas to rent apartments in Ajman during 2022.
- With the average annual rent of AED 23k, the rent of the area has decreased by 6.9%.
- The average yearly rent in Ajman Downtown has been AED 14k for studio apartments and AED 27k for 2-bed flats.
Lastly, Emirates City has ranked fifth with an average annual rent of AED 19k.
- The annual rent cost in the area has increased by 6% from the previous year.
- The rental cost in Emirate City has been AED 12k on average for studio apartments and AED 21k for 2-bed flats.
APARTMENTS FOR RENT IN AJMAN ON A MONTHLY BASIS
Our Ajman annual real estate market report revealed that Al Rashidiya has been the most popular area to rent apartments in Ajman on a monthly basis.
- With an overall rent increase of 7.2%, the rent for apartments in the area averaged AED 2,872.
- The average monthly rent in Al Rashidiya has been AED 2,743 for studio flats and AED 3,272 for 2-bed apartments.
Al Nuaimiya has ranked second with an increase of 9.11% and an average rent of AED 2,899.
- Compared to the previous year, the monthly rent for studio apartments in Al Nuaimiya cost around AED 1,987 on average.
- The rent of 2-bed apartments has also increased by 39.25%, with an average rent of AED 2,787 in 2022.
Al Rawda has been the third most popular area among tenants looking for apartments in Ajman on a monthly basis.
- The average rental cost of the area has increased 3% from AED 2,925 to AED 3,019 in 2022.
- The rental price of studio apartments in Al Rawda has averaged at AED 1,812 and the average rent of 2-bed apartments has remained the same at AED 4k in 2022.
As per our data, Al Jurf has been the fourth most popular area to rent apartments in Ajman during 2022.
- With the average monthly rent of AED 3,028, the rent in Al Jurf has faced a slight decrease of 0.5%.
- The average monthly rent in Al Jurf has been AED 2,399 for studio apartments and AED 3,600 for 2-bedroom apartments.
Lastly, Al Mowaihat has ranked fifth with an average rental cost of AED 3,114 per month.
- The monthly rentals in the area have increased by 6.2% from the previous year.
- The average rental cost in Al Mowaihat has been recorded as AED 2,400 for studio apartments and AED 3,709 for 2-bedroom apartments.
TOP AREAS FOR BUYING VILLAS IN AJMAN
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021 | 3-BED | 4-BED | 5-BED |
|---|---|---|---|---|---|
| Al Yasmeen | ROI 6.28% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Ajman Uptown | ROI 5.92% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Al Mowaihat | ROI 4.73% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Al Zahya | ROI 6.53% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Al Rawda | ROI 5.61% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
According to the annual market report Ajman 2022, popular areas for buying villas in Ajman have included Al Yasmeen, Ajman Uptown, Al Mowaihat, Al Zahya and Al Rawda.
With an average sales price of AED 1.19M and an ROI of 6.2% Al Yasmeen has been a popular choice for investors interested in buying villas in Ajman. Located close to the Sharjah – Ajman border, Al Yasmeen features several 3 to 5 spacious bedrooms and other state-of-the-art amenities.
- The average sales price-per-square-foot for apartments has recorded a slight increase from AED 383 to AED 384 in 2022
- The average asking price for 3-bed villas has been AED 985k, whereas prices for 4-bed and 5-bed villas have averaged at AED 1.15M and AED 1.31M, respectively.
With an average sales price of AED 1.13M and an ROI of 5.9%, Ajman Uptown has been the next most searched area for villas for sale in Ajman in 2022. The area is located alongside one of the main highways of the UAE, Sheikh Mohammed Bin Zayed Road (E311).
- The average price-per-square-foot for villas for sale in Ajman Uptown has experienced a massive increase of 46%, going from AED 250 in 2021 to AED 366 in 2022.
- The average sales prices of 3 and 4-bed villas in the area have also increased to stand at AED 995k and AED 1.04M respectively.
- However, the average cost of 5-bed villas for sale in Ajman Uptown has increased from AED 1.24M to AED 1.26M in 2022.
Al Mowaihat has been the third most popular area in Ajman when it comes to buying villas in 2022. As per dubizzle’s consumer data for 2022, the area’s sales price has averaged at AED 1.54M with a 4.73% ROI.
The area is just a few minutes' drive from the Sheikh Mohammed Bin Zayed Road (E311) highway. Al Mowaihat offers several amenities, such as supermarkets, parking areas and playgrounds for kids.
- The average sales price-per-square-foot for apartments has recorded an overall increase of 3.7%, rising from AED 361 to AED 375 in 2022.
- The asking prices of villas for sale have increased. The average price has been AED 1.17M for 3-bed villas in 2022, AED 1.60M for 4-bed villa and AED 1.66M for 5-bedroom villas.
Al Zahya has earned the fourth spot for property seekers buying villas in the Emirate. The place is connected to the mainland via Sheikh Mohammed Bin Zayed Road, E311. Al Zahya’s recorded average sales price has been AED 1.06M with a 6.53% ROI.
- The average sales price-per-square-foot for villas has recorded an overall increase of 2.2 %, going up from AED 344 to AED 352 in 2022.
- AED 934k has been recorded as the average asking price for 3-bedroom villas in Al Zahya, while the prices for 4 and 5-bed villas have been AED 972k and AED 1.2M, respectively.
With an average sales price of AED 1.11M and an ROI of 5.6%, Al Rawda has ranked fifth among areas popular for villas for sale in the Emirate. The area features several luxury amenities along with a known food street.
- Al Rawda has recorded a decrease in price-per-square-foot, going from AED 361 to AED 281 in 2022.
- The average asking price of 3-bedroom villas in Al Rawda has been AED 379k, while the prices of 4 and 5-bed villas averaged at AED 871k and AED 1.78M, respectively.
TOP AREAS FOR RENTING VILLAS IN AJMAN
POPULAR AREAS | 3-BED Avg. Yearly RentChange from 2021 | 4-BED Avg. Yearly RentChange from 2021 | 5-BED Avg. Yearly RentChange from 2021 |
|---|---|---|---|
| Al Mowaihat | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Al Rawda | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Al Yasmeen | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Ajman Uptown | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Al Zahra | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Not available due to low/no historical inventory or influx of off-plan properties | |||
According to dubizzle consumer data 2022, potential tenants have shown the highest interest in renting villas in Al Mowaihat.
- The average rental price in the area has been recorded as AED 85k.
- The average rent of 3-bedroom villas has increased by 5% from AED 52k to AED 55k in 2022. Also, the average rent of 5-bedroom villas has been AED 86k.
Al Rawda has been the second most popular area among tenants looking to rent villas in Ajman.
- The average rental price in Al Rawda has been recorded as AED 78k.
- The average rent of 3-bed villas in the area has increased from AED 55k to AED 61k in 2022. However, the average rent of 5-bed villas has remained stable at 80k.
Al Yasmeen has been the third most popular area to rent villas in Ajman.
- The average rental price in Al Yasmeen has been AED 79k in 2022.
- The average monthly rental of 3-bedroom villas in the area has been AED 68k.
- The rent of 5-bed villas has averaged at AED 82k, recording an increase of 12.7% from last year.
Ajman Uptown has ranked fourth among the popular areas for renting villas in 2022.
- The average monthly rent in the area has been recorded as AED 70k.
- The average monthly rental for 3-bed villas in Ajman Uptown has been AED 62k while 5-bed villas have an average rent of around AED 83k per month.
Besides, tenants also showed interest in Al Zahra during the year.
- The average rental price in the area has been recorded as AED 74k during the year.
- The average rent of 3-bedroom villas in Al Zahra has decreased from AED 55k to AED 50k. The cost to rent 5-bed villas in the area has averaged AED 77k.
With this, we conclude our dubizzle’s annual market report Ajman 2022. Those interested to know about the real estate trends in Sharjah can look at Sharjah’s annual property rent & sales market report for 2022.
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