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If you are looking for an investment destination in the UAE, you should not limit yourself to apartments in Dubai or Abu Dhabi only. Ajman is another popular emirate that can cater to your needs, be it investing in real estate or choosing a Free Zone that is ideal for your business endeavours. Read on to learn more about the emirate and investment opportunities it offers.
Content:
- Ajman: about the emirate
- Reason No. 1. Well-developed business sector
- Reason No. 2. Free Zone
- Reason No. 3. Convenient solutions for business people
- Reason No. 4. Growing residential real estate sector
- Conclusion
Ajman: about the emirate
Ajman, the smallest of the 7 emirates, is located on the coast of the Persian Gulf. It is popular with tourists and is not as noisy as Dubai, but has excellent beaches and a comfortable environment for recreation.
Ajman Downtown is a vibrant business district with many shopping and entertainment options. The emirate’s Free Zone is also nearby, making it a convenient location for daily commuting.
Al Yasmeen can be a good choice for those who want to escape the bustle of the city centre as it is a quiet neighbourhood located on the outskirts. It is great for active families with children, as there are many parks with playgrounds and sports fields. As an investment option, you can consider opening a shop, self-service laundry, or cafe; their services will be in demand.
Ajman’s corniche is known for its beautiful views of the Persian Gulf. The high-rise buildings in this area offer waterfront living in luxury apartments. Residents have access to shopping, dining, spas, fitness clubs, and beautiful white beaches, which are all within walking distance.
What are the reasons to invest in Ajman? Let’s look at the main ones.
Reason No. 1. Well-developed business sector
From a business standpoint, Ajman is attractive due to its location. You can get here quite easily from almost anywhere in the UAE. Reliable transport links, ports, communications, and the use of modern energy sources ensure that your company operates without interruption.
Ajman is known for its high-tech facilities and is considered one of the most reliable business hubs in the UAE.
Reason No. 2. Free Zone
The Free Zone hosts thousands of companies from 160 countries. The emirate is home to head offices of major brands, business centres, environmentally friendly warehouses, and customer services.
If you are looking for a good place to set up a business in the UAE, Ajman Free Zone is a great choice. It is close to 4 seaports, 2 international airports, and several major highways. The government is committed to improving Ajman’s infrastructure and is actively building new power plants, reservoirs, and roads.
Ajman Free Zone offers a variety of options to kick off your business, which can suit the needs of any venture. Its advantages are:
- Low energy costs
- Available workforce
- No taxes or export fees
- Low rental rates
- 100% business ownership for foreign investors
Since the UAE introduced a 9% corporate tax on annual profits over AED 375,000 ($102,000) from June 2023, more and more investors are looking to move their business to one of the Economic Zones, which have a zero tax rate.
The location also offers top-notch logistics solutions. Whether you are looking to start a new company or expand an existing one, the Free Zone is a great way to take advantage of the benefits the UAE has to offer.
Reason No. 3. Convenient solutions for business people
The cost of renting land and business licences in Ajman is the lowest in the country. Therefore, setting up a company in the local Free Zone is one of the most popular solutions among aspiring entrepreneurs, small and medium-sized organisations, and foreign investors in the UAE.
Business people are offered various privileges: novice investors and entrepreneurs can take advantage of low rates and several instalment payment options. In Ajman, there are special rates for young business people under 30 years old. Such a licence will cost AED 5,000 ($1,360). The cost of other licences starts at AED 13,500 ($3,675). You can pay for your business licence in 2, 3, or 6 payments. This opportunity is offered only by Ajman Economic Zone.
You can rent land or offices here for a set period. This will help scale your business.
Opening a business in Ajman is a simple process without bureaucracy. You can obtain the necessary approvals within a few days.
Reason No. 4. Growing residential real estate sector
Since Ajman lags somewhat behind the leading emirates in some aspects of development, most residential and commercial properties here are more affordable than real estate in Dubai. If you buy a house in Ajman, you can make a big profit when you resell it after a few years.
Apartment developments and villas make up the majority of residential real estate in the emirate. For investors, buying and renting apartments in Ajman provides an opportunity to make good money: the annual yield reaches 9–10%, which is significantly higher than in Dubai. The demand for housing here is consistently high. Ajman is close to Dubai but offers a more relaxed lifestyle, making it a popular choice for holidays and relocations.
Ajman became the third emirate in the UAE where freehold properties were introduced. The quality of construction, well-developed infrastructure, and top-notch features of units attract foreign investors. That said, you can buy real estate in Ajman in full ownership at a lower cost than in Dubai.
Conclusion
Ajman is a developing emirate with an innovative Free Zone and a modern real estate market. For this reason, people from many countries around the world are keen to invest in the local residential sector to get a high return on investment within a short period of time.
