18/04/2024
WHERE TO INVEST BESIDES DUBAI AND ABU DHABI
✓ Ajman
✓ Ras Al Khaimah (RAK)
✓ Sharjah
In 2023, the number of transactions in Ajman grew by 43% compared to 2022. In RAK, the increase in average apartment sales prices reached 34%. In Sharjah, the volume of real estate deals by foreign investors rose by 165%.
Why do forward-thinking investors choose other emirates?
➊ Low Prices
For example, in the Al Zorah City project on the seafront in Ajman, prices start from $227,000. While in Dubai, similar options cost from $350,000–$400,000.
➋ High ROI
In 2023, ROI in RAK rose to 12%, and in Ajman, it reached a record 9.4% in Downtown and 8.3% by the sea.
In Dubai, ROI this high is seen mostly in areas with affordable properties. Apartments in Dubai Marina have an ROI of 7.15%, and in Business Bay – 6.6%.
➌ Waterfront Properties
In Dubai, the last available plots in Downtown are being developed; on the seashore also, a little free space left. At the same time, in Ras Al Khaimah, almost all the projects are beachfront, including branded ones, like Address Residences Al Marjan Island.
➍ New Infrastructure
In Ajman, beaches and promenades are being renovated. More and more hotels are popping up near the future casino in RAK, such as Nikki Beach Resort & Spa Ras Al Khaimah. The Aljada megaproject with an entertainment complex, gardens, alleys, shops, and residential complexes is being built in Sharjah.
➎ Cost of Living and Commute Time
The cost of living in RAK is 50% lower than in Dubai, Sharjah and Ajman – by 70%. New road junctions, ferry services, development of railway and metro reduce travel times to work in Dubai from home in other emirates.
You can find seashore housing options with a high ROI and all the necessary modern infrastructure within a 30-minute drive from Dubai.
Call/WhatsApp: +971 58 552 9786
Skyline International Real Estate
http://www.skylineinternationalrealestate.com/
