Tuesday 19 January 2021

Sharjah offers affordable living. Image: olgavolodina/Bigstock

Sharjah, Ajman 'good options for affordable living'

DUBAI, October 7, 2018

The Northern Emirates of Sharjah and Ajman provide a great alternative to affordable living in the UAE, particularly for those who are working in Dubai and are open to the commute, says a dubizzle Property report.
Dubizzle is a leading property platform in the UAE and provides average rental and sale prices for family-friendly neighbourhoods in Sharjah and Ajman. With over 130,000 listings at any given time, dubizzle Property regularly shares industry reports to empower residents to make well-informed decisions.
Sharjah is well known as the go-to emirate for those looking for affordable living in the UAE, with many residents working in neighbouring emirate, Dubai. Well equipped with schools and family-friendly facilities, the emirate poses an attractive option for both property rental and investment.
When looking at rentals for small families or newlyweds, the most affordable community for one-bedroom apartments is Al Qasimiah, with an average of Dh24,000. Al Khan and Al Taawun come in second with an average of Dh30,000, followed by Al Buhaira at Dh32,500 and Al Qasba at Dh35,000, it said.
The average rental for two-bedroom apartments in Al Qasimiah also provide the most affordable option at Dh30,000. This is followed by Al Khan averaging at Dh36,000, Al Majaz and Al Taawun at Dh40,000, and Al Buhaira at Dh46,000.
Families looking for more space can consider three-bedroom apartments, with average rentals at Dh45,000 in Al Qasimiah, Dh50,000 in Al Khan, Dh52,000 in Al Taawun, Dh55,000 in Al Qasba and Dh77,000 in Al Buhaira. Four-bedroom apartments average at Dh80,000 in Al Taawun and Al Majaz at Dh81,000.
For those looking to invest in an apartment, the average prices for two-bedroom apartments start at Dh550,000 in Al Majaz, Dh570,000 in Al Qasba and Dh773,000 in Al Khan. Three-bedroom apartments for sale in Al Khan average at Dh1,125,000.
Ajman, similar to Sharjah, provides a more affordable cost of living for residents compared to neighbouring emirates. Boasting a rich cultural scene, the emirate has a variety of facilities for families, including schools and recreational activities.
The average rental for one-bedroom apartments in Ajman starts at Dh21,000 in Al Jurf, Dh22,500 in Al Nuaimia and Dh25,000 in Al Rashidiya. Two-bedroom apartments start at Dh25,000 in Al Helio, followed by Dh27,000 in Al Jurf, Dh30,000 in Al Nuaimia and Dh34,000 in Al Rashidiya.
For those looking for a larger family home to rent in the emirate, Al Rashidiya offers the most affordable three-bedroom apartment option with average rentals starting at Dh40,000 followed by Al Nuaimia at Dh45,000.
Investment options in Ajman start at Dh220,000 for 1BR apartments in Al Jurf, Dh275,000 in Al Nuaimia and Dh300,000 in Al Rashidiya. Two-bedroom apartments average at Dh270,000 in Al Jurf and Dh350,000 in Al Rashidiya.
Two-bedroom villas for rent in Ajman Uptown average at Dh30,000, with three-bedroom villas averaging at Dh35,000 and four bedrooms at Dh43,000. Al Mowaihat three-bedroom villas average at Dh55,000, with four-bedroom at Dh65,000 and five bedrooms at Dh75,000, the report said.
Five-bedroom villas in Al Helio are available at an average price of Dh1,200,000, and Al Mowaihat at Dh1,500,000.
“Our report aims to provide a transparent view of the market and support residents to make well-informed decisions when it comes to finding the right property for them and their families within budget,” commented Samer Abdin, general manager at dubizzle Property. - TradeArabia News Service

Tags: Ajman | Dubai | Sharjah |

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