Real Estate FAQ
Your Top 10 Questions Answered for Ajman & UAE
FAQ
Frequently Asked Questions
How do I buy property in Ajman, UAE?
Obtain a UAE residence visa, select a property, and complete legal formalities for ownership.
Are foreigners allowed to own property in Ajman?
Yes, foreigners can own freehold properties in designated areas.
What are the popular areas to invest in Ajman?
Al Rashidiya, Al Nuaimiya, and Emirates City are popular investment areas.
Are there any taxes on property transactions in Ajman?
Yes, a property registration fee of 4% applies.
Can I get a mortgage as a foreigner in the UAE?
Yes, some banks offer mortgages to expatriates with specific criteria.
What is the rental market like in Ajman?
The rental market offers diverse options with varying prices based on location.
Are there restrictions on renting property for expats?
Expats can rent property in designated areas without restrictions.
How is the real estate market performing in Ajman?
The market fluctuates but generally shows steady growth.
What documents are required to rent a property?
Passport copies, visa, Emirates ID, and security deposit are common requirements.
Can I sell my property in the UAE as a foreigner?
Yes, foreigners can sell their property, subject to specific regulations & fees.