Rental trends in Al Rashidiya, Ajman

Al Rashidiya is a popular residential community in Downtown Ajman, close to the Ajman – Sharjah border. If you plan on moving to the area, having a look at the rental trends in Al Rashidiya, Ajman can help you make the right decision. 

As per the End of Year Market Report for 2019, Al Rashidiya is the third most popular area for renting apartments in the smallest emirate of the UAE. Likewise, it is also the fourth most popular for renting villas in the tiny northern emirate. Not to mention, rental prices for apartments have remained affordable throughout 2019 and continue to do so this year as well. 

Here is a look at the real estate rental market in Al Rashidiya, Ajman.

AL RASHIDIYA HOME RENTING TRENDS 2020

Along with a favourable home renting market, Al Rashidiya, Ajman is a popular community for many reasons. 

To start off, the community has a good location in the city. Al Rashidiya is located in the Downtown area and is also close to the Ajman – Sharjah border. This makes it an ideal neighbourhood for those who frequently travel between the two emirates. You can also reach Dubai in almost 40 minutes by car.

Easy availability of lifestyle amenities is another reason for the popularity of the community. That is because each district of Al Rashidiya has at least one supermarket, and you can easily find hospitals, clinics and pharmacies in the area. 

In addition, Al Rashidiya is also home to Grand Mall and Dana Mall. The latter is considered one of the best malls in Ajman. Here you can engage in dining and entertainment options along with shopping. And of course, one can always enjoy a football match at Ajman Stadium. 

Moving on, Al Rashidiya is also one of the most family-friendly neighbourhoods in Ajman. This is particularly due to the availability of schools in the vicinity offering a range of options.   

Let us now look at the housing rental market in Al Rashidiya, Ajman.

PROPERTIES IN AL RASHIDIYA, AJMAN

The area is divided into three sub-communities: Al Rashidiya 1, 2 and 3. Most rental properties in Al Rashidiya consist of apartments. Popular apartment buildings include Al Rashidya Towers, Zara Residences and Falcon Tower. 

You can choose between studios, 1-bedroom, 2-bedroom and 3-bedroom apartments. In addition, some buildings also have 4-bedroom flats, but these are limited in number. Moreover, residential units on high floor offer sea or garden views. 

Likewise, villas in the community also come in 2 and 3-bedroom configurations with garden areas and parking spaces. Overall, these property types are ideal for individuals and families alike.

Apartment rental trends in Al Rashidiya, Ajman are as follows.

APARTMENTS FOR RENT IN AL RASHIDIYA

You can rent studio apartments in Al Rashidiya for AED 16.5k annually, whereas 1-BHK flats can be rented for AED 28k per year. These units have a minimum living space of 800 sq. ft as per current listings.

Likewise, you can also opt for 2-bedroom apartments in Al Rashidiya, with an average annual rent of AED 30k. For 3-bed apartments in Al Rashidiya, be prepared to pay around in AED 40k in annual rent. 

BEST AREAS FOR RENTING APARTMENTS IN AL RASHIDIYA

TOP 3 APARTMENT BUILDINGS

The top buildings that are popular in the housing rental market of Al Rashidiya, Ajman include:

• Zara Residence
• Oasis Residence
• Al Rashidiya Towers

ZARA RESIDENCE

Located in Al Rashidiya 2, Zara Residence is one of the newly built apartment towers in the area. Facilities include CCTV cameras, elevators and parking. Residents enjoy proximity to public transportation as well as hypermarkets. You can even get groceries delivered directly to your apartment. One can rent studios for around AED 15k per year, while the average rental price for 1-bedroom apartments in Zara Residence is AED 22k per year. The average yearly rent for 2-BHK flats in Zara Residence is AED 27.5k. 

OASIS RESIDENCE

Oasis Residence is a high-rise building featuring studios to 4-bedroom apartments. Spacious layouts and balconies are some of the best features of these residential units. Residents can also avail facilities like gymnasiums and play areas. The building is also located close to Ajman City Centre. One can rent studio flats in Oasis Residence for AED 16k per year and 1-bedroom units for AED 27k per year. Moreover, 2-bedroom flats in Oasis Residence can be rented for AED 38k per year.

AL RASHIDIYA TOWERS

A project of the Government of Ajman, Al Rashidiya Towers is a complex consisting of 11 buildings, three of which are stadium-facing. Each tower has 13 floors that can be accessed via high-speed elevators. Tinted windows and glass panels also augment the architecture of the towers. Nearby amenities and places of interest include the Ajman Fish Market, Al Rashidiya Park and Ajman Beach. You can rent 1-bedroom units in Al Rashidiya Towers for AED 20k per year. 

Let us now explore villa rent trends in Al Rashidiya, Ajman.

VILLAS FOR RENT IN AL RASHIDIYA

Those seeking privacy and seclusion can consider renting villas in Al Rashidiya. Rental prices for these villas in Al Rashidiya start from AED 38k.

Among the 3 sub-communities in the area, Al Rashidiya 2 is the most popular for villa rentals. It is located close to the shore of Ajman as well as the Ajman Free Zone. Along with leisure spots, the neighbourhood is home to commercial buildings and important government offices. Residents also enjoy easy access to educational and healthcare facilities in Al Rashidiya 2. 

You can rent a two-bedroom villa for AED 25k per year. The average annual rent for 3-bedroom villas in Al Rashidiya 2 is AED 42k. Moreover, you can also find homes with 4- and 5-bedrooms in Al Rashidiya 2, which can be rented for AED 45k per year. 

Along with larger living spaces and seclusion, villas in the sub-community also have parking spaces for more than one vehicle. For more options, you can check out villas for rent in Ajman that offer similar facilities and amenities.

This wraps up our guide on rental trends in Al Rashidiya, Ajman. Hopefully, the popularity and price trends in Al Rashidiya will help you decide whether moving to the neighbourhood is a sound decision or not. While you’re at it, you can also review the pros and cons of living in Al Rashidiya, Ajman to get a bigger picture when it comes to living or investing in the area. 

And if you are interested in buying freehold popularity in this community, do check out our analysis of sale trends in Al Rashidiya, Ajman