Located just 20 minutes from Dubai International Airport and 12 minutes from Sharjah International Airport, Ajman Uptown is a thriving residential community with over 200 families currently living in the emirate of Ajman’s first gated community, experiencing a safe, secure and superior lifestyle.
Buzzing with energy and growing at an impressive rate, Ajman Uptown, located on the arterial Sheikh Mohammed bin Zayed Road, is inspired by French style architecture and comprises 1,504 G+2 Villas/Townhouses and seven G+4 commercial and residential buildings on a massive expanse of 3.5 million square feet.
The Ajman Uptown community offers eight types of villas and townhouses, comprising two/three/four bedrooms, and five-bedroom distinctive private villas, which provide homes with style, efficiency and sustainability.
“Ajman Uptown City is the testament to our commitment and trust in Ajman, its flourishing economy and an attractive real estate destination,” said Fahad Sattar Dero, Chief Executive Officer, Sweet Homes Group.
Rental yields in Ajman were among the highest in the world at 9.6 percent per annum between April and October 2017, according to a report by Propertyfinder Group. The yields increased 0.3 percent over the same period six months earlier, it said.
When compared to Ajman’s yields, the gross rental yields in New York City were 2.9 percent, Geneva 3.3 percent, Sydney 4.3 percent. Tokyo 2.7 percent, and Hong Kong 2.6 percent, according to Global Property Guide. (The gross rental yields are based on the average yields for 120 square meter properties, primarily apartments.)
“We offer freehold properties to all nationalities in Ajman Uptown with investors guaranteed high return on investment, driven by the UAE’s economic activity that is slated for a strong recovery over the coming years led by gradual improvement in non-oil sector growth according to the International Monetary Fund,” said Dero.
Sweet Homes is among the few developers offering ready to move in homes. The developer is offering easy payment plans, starting from AED 3,125 (US$852) per month to be paid over a 10-year period for two-bedroom villa.
“We are offering ready to move in villas at a great price. Furthermore, we offer an easy payment plan spread over a period of 10 years. This makes it very convenient for buyers, who will certainly see capital appreciation of their properties over the coming years,” Dero added.
Ajman Uptown is registered with the Ajman Real Estate Regulatory Authority with the project’s Escrow Account opened and operated with Ajman Bank.
Construction of Ajman Uptown is up to 80 percent complete with work on Etisalat’s telephone lines and fibre optical cables almost nearing completion, Dero said, adding, on completion the master development will include a hospital, a school, two mosques, a shopping mall, a 4-star hotel apartment building, a swimming pool and a community park.
In the first-of-its-kind private developer initiative in Ajman, the street lighting system within Ajman Uptown will be solar-powered, in line with the UAE’s emphasis on adoption of sustainable practices and efficient use of renewable energy sources.
Besides, the developer is planning a dedicated transportation system, making it convenient for the residents to reach Ajman City Centre and Deira City Centre. High prominence is being given to the safety and security of its residents, with 24-hour security services onsite.
Further sweetening the deal, Sweet Homes Group is the first company in the UAE to offer Citizenship by Investment program of Antigua and Barbuda for property buyers in Ajman Uptown.
If you are interested, please contact Mr Raja: Raja@caricom.ae +971-6-77499090 for more details.
Company Name: Sweet Homes
Contact Person: Aime
Country: United Arab Emirates