Towering over the master-planned community of Emirates City, Majestic Tower Ajman presents a compelling proposition for investors and residents seeking high yields and modern living without the Dubai price tag. But does this prominent high-rise deliver on its promise of quality, returns, and community living? This definitive guide cuts through the noise to provide a data-driven analysis of its apartments, amenities, investment potential, and its place within the wider Emirates City Ajman landscape, helping you make an informed decision.
An Icon in Emirates City Strategic Location and Connectivity
The primary advantage of Majestic Tower is its location within the well-established Emirates City Ajman freehold zone. This isn’t just a standalone building; it’s part of a larger, integrated community.
-
Prime Positioning: The tower benefits from the existing infrastructure of Emirates City, including paved roads, retail outlets, supermarkets, and cafes, all within walking distance.
-
Excellent Connectivity: Situated off Sheikh Mohammed Bin Zayed Road (E311), it offers easy access to Sharjah and Dubai. The commute to key areas like Dubai Academic City or Sharjah Industrial Area is typically 25-40 minutes, making it a viable base for professionals.
-
Community Living: Unlike isolated towers, residents become part of the vibrant, multi-cultural Emirates City community, which includes families, young professionals, and long-term tenants.
Analyzing Layouts and Value
Majestic Tower offers a range of units, primarily studios, 1-bedroom, and 2-bedroom apartments, catering to different budgets and needs.
-
Modern Finishes: Units are known for their modern, functional layouts and contemporary finishes, often featuring quality fittings and efficient use of space.
-
Views and Balconies: Many apartments offer balconies with views of the community or the city skyline, adding to the quality of life.
-
Investment Appeal: The availability of affordable studio and 1-bedroom apartments makes it a highly attractive option for investors targeting the strong rental demand from single professionals and couples in Ajman.
Amenities and Facilities Life Inside the Tower
A key differentiator for any residential tower is the quality of its shared amenities.
-
Swimming Pool and Gym: The tower features a well-maintained swimming pool and a modern fitness center, allowing residents to relax and stay healthy without leaving the building.
-
Secure Parking: Dedicated underground or multi-level parking provides security and convenience for residents, a crucial feature in the UAE.
-
24/7 Security: The building is equipped with round-the-clock security and concierge services, ensuring a safe and secure living environment for all residents.
-
High-Speed Connectivity: Modern infrastructure supports high-speed internet, catering to the needs of remote workers and families.
The Investment Case ROI, Rental Yields, and Capital Appreciation
This is where Majestic Tower Emirates City truly shines for savvy investors.
-
High Rental Yields: Due to its affordable purchase prices and consistent demand from tenants, the tower is renowned for delivering gross rental yields between 8% and 10%, significantly outperforming most Dubai properties.
-
Strong Tenant Demand: The demand is fueled by professionals working in Ajman and Sharjah, as well as those who work in Dubai but seek more affordable housing options. Vacancy rates are typically low.
-
Capital Appreciation Potential: As Emirates City continues to mature and develop, and with Ajman’s overall growth trajectory, well-maintained towers like Majestic are well-positioned for steady capital appreciation over the medium term.
The Emirates City Advantage More Than Just a Building
Investing in Majestic Tower means investing in the entire Emirates City ecosystem.
-
Established Community: Unlike newer areas, Emirates City is a mature community with all essential amenities—grocery stores, salons, pharmacies, and schools—already operational and within easy reach.
-
Freehold Ownership: As part of a designated freehold area, foreign investors can obtain full ownership rights to their property, along with eligibility for a UAE residency visa.
-
Cost of Living: The overall cost of living in Emirates City is considerably lower than in equivalent communities in Dubai, from rent to groceries and dining, which is a major draw for tenants.
A Balanced View Important Considerations
To provide a fully transparent review, it’s important to note a few points.
-
Community Density: Emirates City is a high-density community, which means it can be bustling and parking can sometimes be at a premium during peak hours.
-
Traffic During Peak Hours: While well-connected, the commute to Dubai during morning and evening rush hours can experience significant traffic.
-
Building Maintenance: As with any property investment, the long-term value is tied to the quality of the building’s management and maintenance. Current standards are reported to be good.
Frequently Asked Questions
Q1: What is the average price for an apartment in Majestic Tower?
Prices vary based on size and view, but you can typically find studios in Majestic Tower starting from AED 150,000, with 1-bedroom apartments ranging from AED 220,000 to AED 300,000. This represents a highly accessible entry point for investors.
Q2: Is Majestic Tower in a freehold area for foreigners?
Yes, absolutely. Emirates City Ajman is a designated freehold area, meaning foreign nationals can purchase property in Majestic Tower and obtain full, freehold ownership rights under UAE law.
Q3: What are the rental yields like in Majestic Tower?
Majestic Tower is known for generating some of Ajman’s highest rental yields, typically between 8% and 10% gross. This is due to the strong rental demand from the expatriate workforce and the relatively low purchase price of units.
Q4: Who is the typical tenant in Majestic Tower Emirates City?
The typical tenant profile includes single professionals, young couples, and small families working in Ajman, Sharjah, or Dubai. They are often value-conscious tenants seeking modern, affordable housing in a connected community.
Q5: How does the buying process work for a foreigner?
The process is straightforward and secure. After selecting a unit and agreeing on a price, you will sign a sales agreement, obtain a No Objection Certificate (NOC), and finalize the transfer at the Ajman Real Estate Regulatory Department, paying a 4% transfer fee. For a detailed walkthrough, understand the step-by-step process to buy a property.
Q6: Are there good amenities within walking distance?
Yes, one of the biggest advantages is the walkability within Emirates City. Residents have easy access to supermarkets, pharmacies, cafes, restaurants, and retail shops without needing to drive, which greatly enhances daily convenience.
Leave a Reply