If you’re considering investing in the real estate market in Ajman, you’re in luck. The market is currently one of the most investable, with prices on the rise. However, it’s important to keep in mind that Ajman is divided into different zones with varying regulations, and there are also different types of properties available to cater to different types of buyers.
But the benefits of investing in Ajman’s real estate market don’t stop there. The emirate offers incentives to those who invest in its real estate, making it an even more attractive option. Things like Ajman crypto real estate are on the way up, with the UAE being one of the top adopters of blockchain and crypto technology in the world
So let’s take a look at what this city has to offer and what buying real estate in Ajman with crypto can mean for you.
Things to know about properties in Ajman
- Buying real estate in Ajman for crypto has never been as easy as it is today
- There are different types of residential and commercial properties all across Ajman
- Thanks to the Amiri Decree No. 7 and 8 that were put into law in 2008, foreigners are now allowed to own freehold or leasehold properties in Ajman
- By owning a property in Ajman foreign investors can gain some benefits such as residency visas and be able to live tax-free
Guide to Ajman real estate for crypto buyers
Located in the United Arab Emirates, Ajman is the capital of the emirate of Ajman and the fifth-largest city in the UAE. It’s a popular destination for tourists and investors alike, thanks to its beautiful beaches, rich culture, and growing economy. If you’re thinking about investing in Ajman’s real estate market, now could be the perfect time to do so. Just be sure to do your due diligence and understand the regulations and property options available before making any decisions.
Before diving in, it’s essential to do your research and understand the market and regulations that go with regular or crypto real estate in Ajman. In this guide, we’ll try to help you navigate the process and give you an idea of what to expect if you decide to invest in Ajman’s real estate market.
Ajman property types
As the UAE’s smallest emirate, Ajman crypto property is often overlooked as an area for investment. While most of the world still seems to lag behind, buying a property with crypto is a simple and straightforward task in the UAE. The main thing is to be sure about the kind of property you are looking to buy as Ajman offers 2 distinct types.
Leaseholds
The first Ajman real estate crypto option that you can look at for investment are leaseholds. Here, leaseholds can be purchased by expats for up to 50 years. This differs from other parts of the UAE where leases can run for up to 99 years.
Generally there are certain zones within the borders of the city that are set apart specifically for this porpoise. Often prime real estate that is close to the city center will be leased only and can not be outright owned by non-citizens.
Freehold
Freehold properties are the second type that can be bought by foreigners. In this case, if you want to buy Ajman real estate with crypto or regular bank transfer, buyers have the chance to purchase property and have it transferred to them on a permanent basis. These properties are also located in designated areas that have been approved for expat ownership by the Ruler of Ajman.
While it is quite a simple process to purchase and own properties in the UAE, there are still a few things to take into consideration. The first thing that needs to be thought about is the kind of property that you would like to have and the reason you would like to own or lease it.
Apartments
Ajman real estate crypto investments can be quite lucrative, with one of the most popular property types being apartments. These are generally considered a good investment due to the fact that they can be rented out for a decent income, or lived in if you like the warm weather and interesting culture that can be found throughout the UAE and that area in particular. Many apartment complexes also offer residents amenities like pools and gyms, that are free to use for anyone living there.
Another great benefit of buying or leasing in Ajman, as opposed to Dubai or Abu Dhabi, is the price. Here you might be able to find some really good deals as it is a smaller place off the beaten track, so to speak. The average price for an apartment in this area goes around AED 250k with larger units of 3 to 4 bedrooms going for the same price that you might pay for a lease in the center of Dubai.
Villas
Villas are the next property type in Ajman that sees much attention from investors, While being a top choice for large families who need more living space, these spacious abodes come in a range of sizes, usually starting at 3 bedrooms and going up from there.
When it comes to types of villas, you can choose between attached, semi-detached, and detached properties. Attached villas offer a bit of shared space with other residents, while semi-detached and detached villas offer more privacy. While some might like the privacy aspect, others might find it more comfortable to have the shared amenities that come with compound living, as they don’t need to hire staff to take care of things like swimming pools and the like.
Commercial properties
So you are looking for a new place to set up or move your business to; well, investing in real estate in Ajman can be a great decision due to the city’s growing economy and attractive location. The real estate market in Ajman is swiftly becoming one of the most investable, with prices on the rise. Along with just being a great place to move your business, buying Ajman real estate with crypto is as easy as ever.
Areas to live in
While there is a range of residential options available in Ajman to suit the needs of businessmen, tourists, and families, we will take a look at a few areas so you can have a clearer idea of what the best fit might be for you.
Ajman Downtown
This is a bustling district located in the center of the city. It is close to many shopping and entertainment options, as well as the Ajman Free Zone Area. Here you can find some great deals on apartments, as it is located in an area that is easy to commute in and out from.
Ajman Corniche
If you like having an ocean view and want to spend your time lounging on the beach and shopping then Ajman Corniche might be just the place for you. Its long shore stretches across Ajman, featuring high-rise towers with beautiful apartments. This neighborhood is where those who like to be in the buzz hang out as it features many amenities. From fancy restaurants to luxurious spas, and so much more. While this is one of the more expensive areas, it offers people the chance to make a decent return on investment by renting out their property to expats or tourists, paying back the bulk of their capital within a few years.
Al Yasmeen
Al Yasmeen might be a tad out of the way for some, but if you are keen to have some peace and quiet, then this residential neighborhood might be just the thing for you. It is located in what some would call the “suburbs”, and is where you will find some good deals on villas.
The benefits of buying properties in Ajman with crypto
If you’re interested in purchasing property in the United Arab Emirates and getting yourself a residence there, there is a very simple way to do so. To be eligible for a Property Investor residence visa you simply need to purchase a property worth a certain amount, and as long as you have it in your name you will be able to reapply for residency when yours runs out. First, you need to choose the area you want to buy in and make sure that it is open to foreign buyers or leaseholders. Preferably, find yourself a good real estate agent to assist with the purchase as they will be able to sort things out fast and easily. All you will need to provide is your passport and the payment which can legally be done through crypto or through regular banking systems. Some real estate agencies, like Coin Real Estate, are even able to complete the entire process without you having to be there in person, making things as convenient as can be.
Once you have made the property purchase, you can apply for a residence visa.
With this visa, you can enter and exit the UAE as you please and are entitled to live in any of the 7 Emirates. One thing that must be noted is that you will need to handle all government-related matters in the emirate where your residence visa was issued. Another thing to keep in mind is that this visa does not grant you a work permit by default, this is something separate. Once you are set with your visa in hand it is easy to sponsor your relatives who can apply for a family visa that is based on your residence visa.
Frequently asked questions about Ajman properties by crypto buyers
Ajman is not only a beautiful place with pristine beaches and magical culture, but it provides plenty of opportunities for foreign investors to purchase property with crypto. Whether you work directly with a local landowner or go through a reputed real estate agent (we highly recommend using an agency), it is generally an easy and fast process to buy Ajman real estate with crypto.
Commercial real estate, apartments, and villas are all up for grabs if you are keen on making your way to the UAE or even if just investing to sell at a later stage. While apartments are reasonably priced and fairly easy to buy and sell in the current market, picking up a nice villa for a good price can be a challenge if you try to do it on your own. The best way to find worthwhile real estate opportunities in the UAE and in Ajman specifically is to work with a trusted real estate agency that has many years of experience and a good track record.
