Buying Property in Al Rashidiya 3: What You Need to Know

Oct 16, 2025

If you’re considering buying property in Al Rashidiya 3, you’re looking at one of Ajman’s most dynamic and well-connected neighborhoods. Al Rashidiya 3 offers a blend of affordability, convenience, and lifestyle appeal—making it a top choice for both investors and homeowners. Whether you’re interested in a 1-bedroom apartment in Al Rashidiya 3, a family home, or a long-term investment opportunity, this area provides excellent value for money and promising returns.

This guide covers everything you need to know about buying property in Al Rashidiya 3: costs, benefits, types of properties, legal aspects, and expert tips to make the best decision.

Why Choose Al Rashidiya 3 for Property Investment

Located in the heart of Ajman Downtown, Al Rashidiya 3 has quickly become one of the most sought-after areas in the emirate. It offers a perfect balance between urban living and community comfort, attracting both residents and investors.

Key Advantages of Al Rashidiya 3:

Prime Location: Close to Ajman Corniche, City Centre Ajman, and Sheikh Khalifa Bin Zayed Street.
Affordable Pricing: Offers competitive property prices compared to Dubai and Sharjah.
Family-Friendly Community: Parks, mosques, and schools nearby.
Strong ROI Potential: Rental yields typically range between 6%–9% annually.
Excellent Connectivity: Easy access to Sharjah and Dubai through main highways.

For anyone looking to buy property in Al Rashidiya 3, these advantages make it one of Ajman’s most desirable investment hubs.

Understanding Property Prices in Al Rashidiya 3

The real estate market in Al Rashidiya 3 offers a wide variety of property types—from studio apartments to spacious 2- and 3-bedroom units.

Average Property Prices:

1-Bedroom Apartment: AED 200,000 – AED 350,000
2-Bedroom Apartment: AED 350,000 – AED 500,000
Studio Apartment: AED 150,000 – AED 250,000

These prices are relatively affordable compared to similar areas in other emirates, while still offering modern amenities, central access, and high rental demand.

If you’re planning to invest, this area provides a low entry cost with steady appreciation potential, ideal for both first-time buyers and seasoned investors.

Types of Properties Available in Al Rashidiya 3

When buying property in Al Rashidiya 3, you’ll find a variety of options that suit different lifestyles and budgets:

Modern Apartments: Found in high-rise residential buildings with contemporary designs and facilities.
Family Homes: Perfect for small to medium-sized families seeking community-oriented living.
Investment Units: Ideal for those who want to generate passive rental income due to strong tenant demand.

Many buildings in the area offer features such as:

24-hour security and maintenance
Dedicated parking spaces
Gym and swimming pool access
Nearby retail outlets and cafes

Legal Considerations When Buying Property in Ajman

Before purchasing property in Al Rashidiya 3, it’s essential to understand the legal framework that governs property ownership in Ajman.

1. Freehold Ownership for Expats

Ajman allows freehold ownership for foreign investors in designated areas, including Al Rashidiya 3. This means expats can buy, sell, or lease property freely without the need for a local sponsor.

2. Required Documentation

To complete your property purchase, you’ll need:

A valid passport or Emirates ID
Proof of income or financing (if using a mortgage)
Sales and purchase agreement (SPA)
Title deed registration with the Ajman Department of Land and Real Estate Regulation

3. Registration Fees

Buyers should also be aware of registration and transfer fees, typically around 2% of the property’s value, payable to the Ajman Land Department.

Financing and Mortgage Options in Al Rashidiya 3

If you’re not purchasing in cash, several local banks in Ajman and the UAE offer mortgage financing options for both UAE nationals and expats.

Mortgage Insights:

Loan-to-Value Ratio (LTV): Up to 75% for expats, 80% for UAE nationals.
Tenure: Up to 25 years depending on the buyer’s age and eligibility.
Interest Rates: Range between 3.5% – 5.5% annually (subject to bank policy).

Having a good credit score and proof of stable income can make the mortgage approval process much smoother.

Hidden Costs to Consider When Buying Property

Besides the property’s selling price, keep in mind other expenses involved in the purchase process:

Registration Fees: 2% of property value.
Brokerage Commission: Usually 2% – 3% of sale price.
Maintenance Fees: Annual service charges based on building and facilities.
Mortgage Fees (if applicable): Processing and valuation costs.

Being aware of these costs helps you plan your budget effectively and avoid surprises later.

Lifestyle and Community Features in Al Rashidiya 3

Living in Al Rashidiya 3 offers a vibrant and convenient lifestyle with everything you need just minutes away.

Nearby Facilities:

Shopping & Leisure: City Centre Ajman, Safeer Mall, and local shops.
Education: The Emirates School, British International School, and several nurseries.
Healthcare: Thumbay Clinic and Ajman Specialty Hospital.
Leisure: Quick access to Ajman Corniche, cafes, and family parks.

The area’s modern amenities and strong community spirit make it one of the most livable neighborhoods in Ajman.

Expert Tips for Buying Property in Al Rashidiya 3

Before finalizing your property purchase, keep these professional tips in mind:

Research the Developer: Review past projects and reputation.
Compare Listings: Explore multiple options before committing.
Inspect the Property: Check finishing quality, layout, and maintenance.
Work with Licensed Agents: Ensure all transactions are legally secure.
Understand the Contract: Carefully review all terms and conditions before signing.

Related Real Estate Opportunities

If you’re exploring properties in or near Al Rashidiya 3, check out:

Conclusion: Your Next Step Toward Smart Property Ownership

Buying property in Al Rashidiya 3: What You Need to Know is more than just a real estate guide—it’s your roadmap to making an informed investment. With its strategic location, competitive prices, and growing rental potential, Al Rashidiya 3 remains one of Ajman’s most promising real estate destinations.

Whether you’re buying your first home or expanding your investment portfolio, Al Rashidiya 3 offers an unbeatable combination of affordability, convenience, and value.

Start your property search today at Skyloov.com and find your perfect property in the heart of Ajman.

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