Who better than our carefully selected community specialists to offer some inside information on what it is to live in a neighbourhood? We have asked agents who specialise in a community to throw some light on buying and renting patterns in the chosen area.
Imran Ali
Sales Director, Emirates Properties
Imran has 13 years of experience dealing in Emirates City. He has sold more than 1,000 units in Emirates City and rented approximately the same number of properties in the community.
Emirates City is one of the earliest communities in Ajman that is currently growing fast and offers affordable living in a flourishing residential district which houses over 9,000 residences, including studios, one, and two-bedroom apartments. It is located midway between Dubai and the Northern Emirates, and accessible from two major highways (311 and 611) as well as from inside the city of Ajman.
Searches for Buy (41%)vs Rent (59%)
Emirates City has been an excellent choice both for real estate investment and personal use. The price and quality of units make it suitable for all. There are many affordable units set to be completed soon. When they become available, we expect sales activity in the secondary market to increase next year. The affordable housing segment is experiencing strong demand in Ajman, mainly in Emirates City, as properties priced below AED400,000 dominated transactions during the first half of 2019, according to latest data.
Searches for Apartment (96%) vs Villa (4%)
Sales and leasing demand for smaller, affordable units will continue to outweigh demand for larger properties in Ajman due to a growing young population, higher percentage of bachelors and small families, and greater yields for investors.
Who lives here? Families (28%) Singles (43%) Couples (29%)
The community is inclusive and houses mostly singles and families. People from all nationalities reside here.
Top searched building: Paradise Lakes Tower B9
Top searched community: Paradise Lakes Towers
There are 10 buildings spread across Paradise Lake Towers. Four towers are ready to be occupied. For the remaining towers, the developer has off-plan properties for sale at affordable installments. These towers are likely to be ready in less than a year.
All data powered by Data Finder, the real estate insights and data platform under the Property Finder Group. For a more detailed trends analysis, please visit datafinder.ae
