The UAE Real Estate Guide: Prices and Prospects
The real estate market in the United Arab Emirates, especially in Dubai, Ajman and Abu Dhabi emirates, has been actively developing in recent years. A large number of residential complexes, hotels, commercial properties are being built here. This attracts investors from different countries of the world.
Dubai is the most expensive emirate in terms of real estate. Here you can find luxury apartments inelite areas like Palm Jumeirah, apartments with panoramic views of the Persian Gulf. Rental rates for such housing are quite high. However, most expats and investors still prefer to buy property in Dubai, as it has high liquidity and investment potential.
At the same time, the nearby emirate of Ajman can be considered as a budget option for real estate investors. Housing here is cheaper by 30-50% than in Dubai. This is especially true for new housing projects that are being actively built by development companies.
One such promising new project is Ajman Creek Towers in Ajman by GJ Properties developer. This residential complex has a very attractive location - in close proximity to Ajman downtown and Ajman Corniche. The project consists of two towers with modern architectural solutions. Apartments with beautiful views of the waters of the creek.
The prices for apartments in Ajman Creek Towers start from AED 386,000 for a studio apartment. Given the prices in Dubai, housing in this complex can be considered quite affordable and beneficial for investment. By purchasing housing at the construction stage, investors can save significantly. After commissioning, prices are expected to rise due to high demand.
The Ajman emirate itself is actively developing, new infrastructure facilities, parks, hotels are being built. All this leads to an increase in the cost per square meter in the region. Therefore, investing now in projects like Ajman Creek Towers can bring good income in the future.
In addition to Dubai and Ajman, the capital emirate of Abu Dhabi can also be noted. It has a higher living standard, developed infrastructure. However, the cost of housing in Abu Dhabi is higher than in Ajman. This is especially true for central areas like Al Reem Island, Al Raha Beach. A square meter here will cost twice as much as in new buildings in Ajman.
Therefore, when choosing real estate in the UAE for living or investment, the Ajman emirate can become an optimal choice in terms of price-quality ratio. And new promising complexes like Ajman Creek Towers are worth considering first of all because they can bring the highest return in the future while requiring relatively small investments at the moment.