Why Ajman Is Attracting First-Time Property Investors?

 

When it comes to investing in real estate, the United Arab Emirates is one of those countries that has become one of the favorites of global real estate investors, and if you're going to look for "why?", you probably find many reasons for that. Currently, Ajman is also one of the attractive sites in the UAE, where many investors are showing their interest, especially those who are looking to invest in a property for the first time. Let's break down and find out why it is attracting first-time property investors, and some more essential tips are provided in this guide. 

Factors behind attracting first-time investors. 

Affordability and high rental yields: Ajman's real estate prices are significantly lower when compared to the neighboring locations in the Emirates, like Dubai and Abu Dhabi. Which is why it is a better choice for an investor to invest. Ajman also offers attractive rental yields, with high potential returns on investment in some selected localities. The estimated return on investment ranges from 7% to 12% which is a great point of interest for first-time investors who are interested in it, as they can generate a passive income with less investment. 

 

Investor-friendly environment: Ajman offers supportive government policies that are flexible not only for the locals but also for expats. It also has a business-friendly environment, which attracts more global businesses to invest in real estate. Expats, such as entrepreneurs, can find easy regulations for company formation, licensing, and permits, making it easier for them not only to set up their businesses but also to operate them. Global investors can also find these: Ajman has been offering them 100% freehold property to invest in, and complete control over investment. Since there are no property taxes, no personal income tax, no corporate tax, and no capital gains tax on property sales, investing has become more tax-friendly and secure, especially for residential properties.  

 

Advantages of investing in off-plan properties: Investing in Ajman off-plan properties can be beneficial in many ways, such as getting it at lower prices, having flexible payment plans, and other benefits during and after the construction. Many real estate developers in Ajman can offer attractive discounts or more customized options on the property for investors who invest in the early phase of development.  

 

Strategic location and ongoing development: Location plays an important role in real estate, and Ajman has a strategic location. Since many of its sites are located near the Arabian Gulf coastline, Sharjah and Dubai, many first-time investors are finding it a more favorable site to invest in for both residential and business purposes. UAE is going through a fast-paced infrastructure development project where several are ongoing or many are yet to come, and these are promising a smart and profitable real estate investment for the future.  

 

Ajman golden visa program: The UAE government is offering a golden visa program, especially for those who invest in real estate in Ajman. According to sources, the Ajman Golden Visa program offers long-term residency to investors but only when meeting specific criteria. Here are some key criteria mentioned regarding the Ajman Golden Visa Program. 

• To qualify for the Golden Visa, an investor must invest a minimum of AED 2 million or more in commercial real estate. 
• Golden visa offers benefits such as extended residency, tax advantages, and more.
• An investor can have more access to other major off-plan and mortgaged properties.

Crucial tips to remember for a first-time investor. 

Experienced real estate investors know about some secret tips that first-time investors don't know, and end up investing in the wrong place. Here are some tips that you can follow if you are a first-time investor looking to invest in a property in the UAE. 

• You must have a budget goal, such as how much you can invest.
• You must calculate your risk potential in a way that aligns with your investment goals. 
• Research the property thoroughly by reaching out to the UAE's government bodies or at the site.
• Research about the market, is the market showing any growth potential for your investment in any property?
• Pick out the right location or property by considering easy access to amenities, infrastructure plans, demand and supply, and other factors.
• Must learn about the UAE's real estate laws and regulations.
• Seek professional advice from an experienced real estate agent who the government authorises.
• Always stay informed about the real estate market trend and learning about the economic developments, polices, and follow the strategies of big players in the same field. 

Final Note

In conclusion, Ajman is offering a combination of affordability and higher ROI potential, which is why investors are getting attracted to it. Moreover, it has also investor-friendly policies and a strategic location that may be appealing for some individuals. Hopefully, you have read this guide and learned the important aspects to consider while investing in Ajman, along with some crucial tips.