Property Prices in Ajman, United Arab Emirates

Index Info
Price to Income Ratio: 7.52
Mortgage as Percentage of Income: 60.04%
Loan Affordability Index: 1.67
Price to Rent Ratio - City Centre: 11.16
Price to Rent Ratio - Outside of Centre: 5.93
Gross Rental Yield (City Centre): 8.96%
Gross Rental Yield (Outside of Centre): 16.87%
Rent Per Month
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Apartment (1 bedroom) in City Centre 6,900.00 AED 2,000.00-25,000.00
Apartment (1 bedroom) Outside of Centre 5,100.00 AED 1,500.00-16,000.00
Apartment (3 bedrooms) in City Centre 14,142.86 AED 3,500.00-32,000.00
Apartment (3 bedrooms) Outside of Centre 12,624.67 AED 2,248.00-28,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,658.31 AED 501.67-2,322.56
Price per Square Feet to Buy Apartment Outside of Centre 716.30 AED 250.00-1,672.24
Salaries And Financing
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Average Monthly Net Salary (After Tax) 8,500.00 AED
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.10 2.10-7.25

These data are based on 62 entries in the past 18 months from 12 different contributors.
Last update: March 2024

Sources and References
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1 Comments so far
Selina Rahman on Jan 23, 2021:
Why price to buy apt/house outside city centre is more than the price e in city centre in Ajman area ???