Where to buy studio apartments in Ajman for under AED 200k
Are you on the lookout for affordable studio apartments in the UAE? Despite being the smallest emirate, Ajman has an excellent freehold market with various residential options for investors and buyers. If you are interested in smaller units with high rental returns, the well-appointed studios for sale in Ajman are your best bet.
Here’s a quick guide to the top areas in Ajman where you can find great studios for sale, all under an affordable price point of AED 200k.
Popular areas with studio flats for sale in Ajman under AED 200k
As per current user searches on MyBayut, Ajman Downtown is the most preferred area for studios for sale in Ajman under AED 200k. In second place for units in this price range is Emirates City, followed by Al Sawan and Al Nuaimiya.
Ajman Downtown
This community is well known for its array of entertainment options. Examples include the famed City Centre Ajman shopping complex, a hub of dining, retail and banking services. The emirate is also very popular for its beaches that are easily accessible to residents in Ajman Downtown. The Ajman Public Beach is a good example, located on Sheikh Hammed Bin Rashid Al Nuaimi Street.
As for living accommodations, Ajman Downtown is ideal for singletons or new investors searching for affordable studios in the emirate. The price to buy a studio in Ajman Downtown averages at AED 154k. Studio flats in the area also offer impressive rental yields of 8.41%. Interested buyers can start their search with popular buildings like Ajman Pearl Towers and Falcon Tower.
You will also find some of the most beautiful villas for sale in Ajman in this community.
Emirates City
Emirates City can be the next best option for buyers on the hunt for studio apartments for sale in Ajman under AED 200k. This residential and commercial development is a flagship project of R Holdings and lies east of Ajman. Sheikh Zayed Road runs along the community, making it convenient for residents to travel to other emirates. Located in the heart of Ajman, Emirates City can offer great investment opportunities for those looking for centrally located studios for sale in Ajman.
The studios for sale in Emirates City may set buyers back an average of AED 99k, making it the cheapest for apartment sales in this category under AED 200k.
Al Sawan
The apartment-exclusive community of Al Sawan is perfect for buyers looking for investments near the emirate’s coastline. The area features several high-rise residential towers with apartments for sale and rent. It is a fairly well-developed community with several schools and supermarkets nearby. Suitable for investors searching for low-budget apartments, the residential complexes in Al Sawan come with a range of convenient amenities. These include well-equipped gyms, swimming pools, CCTV security, dedicated parking spaces, BBQ areas and concierge services.
Those looking for budget-friendly studio flats for sale in Ajman under AED 200k can find suitable options here. Presently, the average price to buy studio flats in Al Sawan is AED 195k. Buyers can expect an 8.85% ROI for studio apartments in Al Sawan.
Al Nuaimiya
With a location between the Ajman-Sharjah border, this area’s popularity with investors isn’t surprising. For one, it puts residents close to the best waterfront destinations in both emirates. Examples include Ajman Corniche and Sharjah Beach. Furthermore, Al Nuaimiya is also perfect for single working professionals on the hunt for low-cost accommodations near their workplace in Sharjah. Additionally, a key location between Al Ittihad Street (E311) and Sheikh Khalifa Bin Zayed Street provides residents easy access to central areas in Ajman.
The studio apartments for sale in Al Nuaimiya have an average price of AED 197k. However, keen buyers can find units that are priced lower as per current listings on Bayut. With an ROI of 8.18%, studios in Al Nuaimiya can be beneficial for investments.
Frequently Asked Questions
Is Ajman Downtown a good place to live?
The community has consistently been the most popular in Ajman for buyers and tenants alike. It is especially favoured for its family-friendly vibes and location close proximity to some of the best beaches in the UAE. A look at the pros and cons of living in Ajman Downtown can give prospective residents a clearer understanding of the area.
Where can I find cheap rental studios in Ajman?
Ajman is known for its affordable housing options. If you are not interested in buying apartments, you can always rent under a certain price bracket. For instance, potential tenants can find appropriate studios for rent in Ajman under AED 15k per annum if they know where to look.
What is there to do in Ajman?
Those who plan on making the smallest emirate their home are spoilt for choice in terms of activities. There are some beautiful parks in Ajman and some amazing other things to do in Ajman.
So that concludes our guide to the most popular areas with studios for sale in Ajman under AED 200k. As is apparent, there are some convenient options for affordable studio flats for sale in Ajman. Looking for more spacious cheap studios for sale in Ajman? Here’s our guide to the best areas to buy 1-bed flats in Ajman for under AED 200k.
For more information on the best neighbourhoods to buy and rent property in the UAE, stay tuned to MyBayut!
