2BHK FOR SALE AL KHOR TOWER IN AJMAN

Type

Apartment

Purpose

Sale

Furnishing

Unfurnished

Average Rent

AED 46,739 Yearly

Updated

24th May 2026

Completion Status

Ready

This 2BHK apartment in Al Khor Towers offers an attractive gross rental yield of 7.69%, making it a strong cash-flowing investment option for the Ajman property market.
Below is a detailed financial and strategic breakdown of this property asset based on the metrics you provided.

1. Calculate Financial Performance Metrics

Gross Rental Yield: 7.69% (Calculated as \(\frac{30,000}{390,000} \times 100\)). This significantly outperforms typical residential yields in mature markets like Dubai, which average 6% to 7%.
Price Per Square Foot: AED 215.11 (Calculated as \(\frac{390,000}{1,813}\)). This indicates a highly competitive entry price for a spacious 1,813 sq. ft. layout.
Cash Flow Advantage: Receiving the AED 30,000 in a single cash payment eliminates the risk of bounced checks and maximizes your immediate liquidity for reinvestment.

2. Evaluate Immediate Rental Scenario

Current Status: Rented at AED 30k until January 2027 (implied current contract cycle).
Buyer Pro-Rata Refund: Since you are buying mid-contract, you must ensure the seller refunds you the prorated rental amount from the day of title deed transfer until the contract expires in January.
Eviction / Notice Laws: Under Ajman rental laws, if you intend to occupy the unit yourself or sell it vacant after January, you must provide the tenant with proper legal notice (typically 12 months, or as stipulated by the Ajman Municipality) before enforcing an exit.

3. Identify Hidden Investment Costs (Blind Spots)
To calculate your exact Net Rental Yield, you must account for these unstated expenses during your due diligence:

Service Charges: Confirm the annual maintenance fee per square foot with the building management. High service fees can quickly drag a 7.69% gross yield down to a 5% net yield.
Transfer Fees: Factor in the Ajman Land Department transfer fees (typically 2% of the property value) and any real estate agency commissions (usually 2%).
Property Condition: Because the unit is currently tenant-occupied, request a property inspection to check for deep maintenance issues (AC chillers, plumbing, balcony structure) that could arise when the tenant vacates in January.

4. Formulate Next Strategic Steps

Verify Title Deed: Ensure the seller holds a clean title deed with no existing bank mortgages or outstanding developer liabilities.
Review Clearance Certificates: Demand a NOC (No Objection Certificate) from the developer showing that all historical service charges are paid in full up to the date of transfer.
Audit Current Lease: Request a copy of the official Ejari/Ajman Municipality attested lease contract to verify the January end-date and the exact terms agreed upon by the tenant.

To help refine this investment analysis, could you share the current condition of the apartment, the exact annual service charge amount, or whether you plan to re-rent or occupy the unit come January?

Posted on: 24th May 2026