In 2024, the Northern Emirates of the UAE become promising investment destinations

In 2024, the Northern Emirates of the UAE become promising investment destinations

Fresh data on the real estate market in the UAE for 2023 indicate a significant increase in the investment attractiveness of the northern emirates of the country. Markets in Ajman, Sharjah, and Ras Al Khaimah (RAK) are experiencing considerable growth. Website visits for property sales, user behavior, and buyer trends demonstrate a clear upward trend in consumer demand, while financial indicators point to good prospects for investors and buyers.

In 2023, the real estate sector in Ajman showed significant growth, emerging as an important regional market. Currently, the leading district in the emirate is Ajman Downtown. Its main strength lies in apartments, offering investors a ROI of 9.4%. The second most sought-after district is Al Zorah, which offers an impressive ROI of 6.9%. The top three leaders are rounded out by the Al Yasmeen district, where investments in local villas promise an ROI of 6.1%.

Sharjah, known as the cultural capital of the UAE and located nearby Dubai, attracted numerous buyers last year. The Al Khan district became the most sought-after among those looking for apartments, with a ROI of 3.5%. The Muwaileh and Al Majaz districts also stand out as popular options with attractive investment returns. Al Majaz, in particular, showed the highest ROI for apartments in the emirate at 6.2%. Among villas, the best ROI is offered by the Al Sabkha district, demonstrating returns of 6.2%.

In RAK, the real estate market continued its development in 2023, following alternating upward and downward trends. Preferred districts here include Al Hamra Village, Mina Al Arab, and Al Marjan Island. Al Hamra Village stands out as the most popular destination, with apartments offering a return on investment of 7.3%.

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