Ajman emerging as rental hotspot

Ajman emerging as rental hotspotImage Credit: Supplied

Budget-conscious residents now consider Ajman for affordability and value. According to Asteco's Q2 2014 Northern Emirates Report, Ajman's residential real estate sector registered a 7 per cent increase in the second quarter.

Two-bedroom apartments in Ajman are now available for Dh30,000-Dh45,000 per year in comparison to up to Dh80,000 in Sharjah.

''Ajman is now taking over the mantle as the relocation destination for budget-conscious residents as landlords in Sharjah ask higher-than average rental rates,'' said John Stevens, Managing Director of Asteco.

''This eagerness to capitalise on market opportunity is not being matched by transaction volume, confirming that budget issues are still a key driver.''

Source: Property Weekly


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