In a report by Bayut.com for the third quarter
"Al Rashidiya" is the most sought-after in Ajman, and 13,000 dirhams is the lowest price for the "studio" category.
The third quarter of 2021 witnessed a discrepancy in rental values in the areas of Ajman.
archival
A Bayut.com report revealed that the third quarter of this year witnessed a discrepancy in the regions of the Emirate of Ajman, compared to the second quarter, in terms of rental value, as the emirate recorded the lowest rental value for a "studio" housing unit at the level of 13,000 dirhams. In the Al-Jurf and Al-Rawdah areas.
Al Rashidiya tops
The report pointed out that "Al Rashidiya" topped the residential areas most in demand for renting apartments in Ajman, as it witnessed a discrepancy in the average rental value in the third quarter compared to the second quarter of this year, as the "studio" category amounted to about 14 thousand dirhams annually, a decrease of 1.79% from For the second quarter, for the category “room and hall” 19 thousand dirhams annually, a decrease of 0.13%, and for the category of “two rooms and a hall” 26 thousand dirhams, a decrease of 0.17%.
Al Nuaimiya and Al Jarf
The “Al Nuaimia” area came in second place, as the area witnessed an increase in the average annual rental value, as it scored for the “studio” category about 14 thousand dirhams, and for the “room and hall” category 19 thousand dirhams, an increase of 0.11%, and for the “two rooms and hall” category 28 thousand. AED, an increase of 0.14% from the second quarter.
In turn, the "Al Jarf" area ranked third among the most sought-after areas for rent in Ajman, as it witnessed an increase in rental rates, specifically in the "Studio" category, which recorded an average rental value of 13,000 dirhams annually, an increase of approximately 0.7%, while there was a decrease Notable in the “room and hall” category by 2.54%, bringing the average rental value to 19 thousand dirhams annually, while the “two rooms and hall” category witnessed a slight increase of 0.73% to 28 thousand dirhams annually.
Al Rawda and “Downtown”
For its part, Al Rawda area ranked fourth, and the average rental value for the “studio” category recorded 13,000 dirhams annually, while the average rental value for the “two rooms and hall” category increased by 1.62% to 25 thousand dirhams annually.
The downtown area came in fifth place, as the “studio” category recorded an increase of 0.52%, with a rental value of 14,000 dirhams annually, while the average rent for the “room and hall” category decreased by 0.77% to 19 thousand dirhams annually.
buy apartments
In terms of buying apartments, "Al Rashidiya" topped the list of areas most in demand for the purchase of apartments for the third quarter of 2021, as the region witnessed a decrease in the average square foot prices by 7.41% to 284.69 dirhams, and accordingly the average selling price of a "room and hall" unit was recorded. About 223 thousand dirhams, while the average selling price of an apartment of “two rooms and a hall” was about 406 thousand dirhams, and the average sale price of an apartment consisting of three rooms and a hall was about 524 thousand dirhams.
“Downtown” ranked second in the list of areas most in demand for buying apartments in Ajman, and the average price per square foot increased by 1.80% to reach AED 197.15. Two rooms and a hall” is about 308 thousand dirhams, while the average selling price of a three-room apartment is about 378 thousand dirhams.
Ajman Corniche
The Ajman Corniche area recorded a significant decrease in the average selling prices of residential apartments by 6.93% per square foot, with a return on investment of about 6.4%, and the price per square foot to reach 410.31 dirhams.
The selling price of an apartment of “one room and a hall” decreased to 605,000 dirhams, an apartment of “two rooms and a hall” to 769,000 dirhams, and an apartment of three rooms and a hall to 1.335 million dirhams.
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