October 6th: Exploring Investment Opportunities in Ajman, Ras Al Khaimah, Fujairah & Umm Al Quwain
Published Date: 6th Oct, 2024
Exploring Investment Opportunities in Ajman, Ras Al Khaimah, Fujairah & Umm Al Quwain
Today, we explore the often overlooked but rapidly developing emirates that are brimming with real estate potential. Each offers unique opportunities for investors seeking affordable prices and long-term growth.
Ajman: Affordable Investments & High ROI
Ajman’s growing economy, affordable property prices, and close proximity to Dubai make it an attractive investment destination.
- Hot Locations: Ajman Downtown, Ajman Corniche, and Al Nuaimiya.
- Price Range:
- Ajman Downtown: AED 250 – AED 400 per sq. ft. (USD 70 – 110)
- Ajman Corniche: AED 300 – AED 500 per sq. ft. (USD 80 – 135)
- Rental Yields & Growth: Investors can expect rental yields of around 8-10%. Ajman’s rental market is thriving due to the affordable cost of living and demand from expatriates.
Ras Al Khaimah (RAK): Nature, Tourism, & High-Quality Living
RAK is developing rapidly with tourism-focused projects and beautiful natural landscapes.
- Popular Areas: Al Hamra Village, Mina Al Arab, and Marjan Island.
- Price Range:
- Al Hamra Village: AED 500 – AED 850 per sq. ft. (USD 135 – 230)
- Investment Potential: With its serene environment and growing tourism, RAK is an ideal location for luxury villas, second homes, and beachfront apartments.
Fujairah & Umm Al Quwain: Untapped Markets with Future Growth
Fujairah is known for its beautiful beaches, while Umm Al Quwain is emerging as a residential hub. Both emirates are gaining traction among investors for their affordability and growth potential.
- Price Ranges:
- Fujairah: AED 350 – AED 550 per sq. ft. (USD 95 – 150)
- Umm Al Quwain: AED 300 – AED 500 per sq. ft. (USD 80 – 135)
- Opportunities: With ongoing development and government support for real estate, these emirates are ripe for future investment, particularly for first-time buyers and those seeking affordable properties.
Summary : The emirates of Ajman, Ras Al Khaimah, Fujairah, and Umm Al Quwain offer unique investment opportunities, with a focus on affordability, strong rental yields, and potential for long-term capital growth.
Date: 6th Oct, 2024
