Property Prices in Ajman, United Arab Emirates

Index Info
Price to Income Ratio: 9.27
Mortgage as Percentage of Income: 76.56%
Loan Affordability Index: 1.31
Price to Rent Ratio - City Centre: 4.55
Price to Rent Ratio - Outside of Centre: 30.43
Gross Rental Yield (City Centre): 21.98%
Gross Rental Yield (Outside of Centre): 3.29%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 7,964.71 AED 2,000.00-25,000.00
Apartment (1 bedroom) Outside of Centre 1,569.81 AED 1,250.00-1,983.47
Apartment (3 bedrooms) in City Centre 4,055.08 AED 3,500.00-5,500.00
Apartment (3 bedrooms) Outside of Centre 2,959.43 AED 2,500.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 497.56 AED 350.00-743.22
Price per Square Feet to Buy Apartment Outside of Centre 988.76 AED 297.29-2,993.50
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,312.50 AED
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.50 3.90-6.50

These data are based on 113 entries in the past 18 months from 25 different contributors.
Last update: June 2021

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 ???