Property Prices in Ajman, United Arab Emirates

Index Info
Price to Income Ratio: 6.89
Mortgage as Percentage of Income: 53.40%
Loan Affordability Index: 1.87
Price to Rent Ratio - City Centre: 8.30
Price to Rent Ratio - Outside of Centre: 7.28
Gross Rental Yield (City Centre): 12.04%
Gross Rental Yield (Outside of Centre): 13.74%
Rent Per Month
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Apartment (1 bedroom) in City Centre 11,185.71 AED 3,800.00-25,000.00
Apartment (1 bedroom) Outside of Centre 4,216.67 AED 2,800.00-7,000.00
Apartment (3 bedrooms) in City Centre 11,083.33 AED 3,500.00-36,000.00
Apartment (3 bedrooms) Outside of Centre 15,916.67 AED 5,000.00-30,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,501.92 AED 696.77-2,043.85
Price per Square Feet to Buy Apartment Outside of Centre 929.02 AED 464.51-1,300.63
Salaries And Financing
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Average Monthly Net Salary (After Tax) 9,500.00 AED
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.75 2.10-6.50

These data are based on 64 entries in the past 18 months from 13 different contributors.
Last update: September 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 ???