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June 26, 2024
Property Prices Comparison between Dubai and Ajman
Buying your own home and property requires careful consideration and evaluation of several parameters. It is a big step in everyone’s life. Hence, if you are considering buying some property in the avidly popular metropolis and smart city of Dubai, which is renowned for its magnificent architecture and serene sea views, or the quiet and calm City of Ajman which is renowned for its cozy and zen vibes after reading this highly informational blog you will be enlightened with some crucial facts and figures about the property Prices in Dubai and Ajman. Which will help you in making a wise decision. So stay tuned and read this blog till the end.
Analyzing Several Variables of Property Prices in Dubai & Ajman Comparatively:
Dubai and Ajman are not only offering a chance to buy affordable properties but also, this lucrative deal gives you a great opportunity for earning income.
Price to Income Ratio:
The price-to-income ratio of Dubai & Ajman is lower and more favorable than other popular cities in the world, with Dubai having the best ratio of 4.89 compared to 12.81 in New York and 14.21 in London.
Rental Yield:
The yearly rental income that both cities Dubai and Ajman offer is profitable. Where the rent per month, for a 1 bedroom apartment in the city center of Dubai and Ajman has a 20.6% difference with Dubai offering 8,187 AED per month and Ajman a slightly lower 6500 AED.
The rent of a one-bedroom apartment outside of the city centre has a 10.2% difference With Dubai having 5,009 AED of rent per month and Ajman offering rent of 4500 AED.
And lastly, a 3-bedroom apartment in the city center of both cities has a 8.6% difference where Ajman has lower rents compared to Dubai which is 13,666 AED, while Dubai offers an average rent of 14,957 AED per month. Moreover, 3-bedroom apartments outside the city center have a 43.1% difference between both cities where Dubai has a lower rate than Ajman which is around 10,481 AED per month and Ajman has a rent of 15000 AED per month.
Price to Rent Ratio:
The gross rental yield in Dubai is around 10.37% in the city center and 11.30% outside the center which is higher than Ajman’s 9.86% in the city center and lower than 14.47% outside the city center. So, while property prices are relatively affordable, rental returns are extremely attractive.
Property Prices:
In the matter of property prices, both cities offer high-end, luxurious properties and apartments that you can buy with easy installment plans you can buy an apartment in the city center of Dubai for 17,334 AED per square meter, and outside the city center from 10,376 AED per square meter. While in Ajman the prices are a bit lower with about 15,466 AED per square meter for an apartment in the city center and 9383 AED outside the city centre. Bringing the price difference down to 10.8% and 9.6% in both cities.
Salaries & Financing:
An average monthly salary (After Tax) in Dubai is 14,176 AED. While Ajman has 8250 AED which is a stark difference of 41.8% among both cities. But if you are really looking for a comfortable and quieter lifestyle Ajman isn’t too far from Dubai. Hence you can live in Ajman and work in Dubai easily. Because the cities are only 44 km away. Also if you love the liveliness of a busy metropolis you can live and work in Dubai but that totally depends on your preferences.
Cost of Living Vs Quality of Life in Dubai & Ajman:
Dubai is a bustling city with a large number of people living in the city, along with the influx of tourists, and travelers from all around the world. The city offers a cosmopolitan environment, a luxurious lifestyle, a vibrant social scene, green spaces, and smart architecture. The quality of life is great, where the busy city offers all amenities along with nature’s beauty, and azure views of the Arabian Sea. Dubai is a great place for earning and spending because this city offers great job and business opportunities.
On the other hand, Ajman is a calm and serene city, with less noise and traffic, of a busy metropolis. Ajman offers a cultural and historical experience, with nice buying and earning opportunities. The white sand beaches of Ajman overlooking the deep blue sea make this city perfect for those who are looking for calm in between the chaos of life. Ajman offers a closer-knit community, in an affordable way.
Read More: Cost of Living Comparison Between Ajman and Dubai
Conclusion:
On an ending note, we hope this article has given you clarity on what Ajman and Dubai have to offer in the matter of properties, cost of living, and quality of life. Although Ajman offers a lower of cost of living, Dubai offers a dynamic Lifestyle. However, ultimately the choice depends on your individual preferences.
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