
Al Khor Tower Ajman ROI and Costs Analysis
Al Khor Tower is an established residential high-rise in Ajman's Al Nuaimiya area, offering gross rental yields of 7% to 9%. This guide provides explicit data on purchase prices starting from AED 165,000 for studios, service charges, and daily living experience in this well-maintained Ajman tower.
What is Al Khor Tower Ajman?
Al Khor Tower is a prominent residential high-rise in Ajman's Al Nuaimiya district, known for its established reputation and consistent maintenance. The tower offers full-service urban living with modern amenities at competitive price points compared to newer developments.
The building appeals to residents seeking reliable building quality without premium pricing.
Where is Al Khor Tower Located?
The tower's central Al Nuaimiya location provides significant accessibility advantages, particularly in urban areas.
Key Location Advantages
- Walkability: Multiple supermarkets, restaurants, and medical clinics within 5-10 minute walk
- Transport Access: Direct proximity to major road networks for Sharjah and Dubai commutes
- Public Transit: Easy access to bus routes and consistently available taxis
- City Center: 5-8 minutes from Ajman's main commercial and administrative areas
Practical Location Considerations
- Urban Activity: Consistently busy area with high pedestrian and vehicle traffic
- Peak Traffic: Significant congestion during morning and evening rush hours
- Parking Limitations: Adequate resident parking but limited visitor spaces
What Are the Apartment Features and Layouts?
Al Khor Tower offers efficient unit configurations designed for practical urban living.
Standard Apartment Specifications:
- Unit Types: Studios (420-580 sq ft), 1-Bedroom (650-820 sq ft), 2-Bedroom (900-1,150 sq ft)
- Interior Finishes: Ceramic tile flooring, durable surface materials
- Kitchens: Fitted cabinetry with provisions for essential appliances
- Storage: Built-in wardrobes in bedrooms with additional storage solutions
- Balconies: Private outdoor space with urban views in most units
Layout Configuration:
- Studio Apartments: Combined living/sleeping areas for individuals or couples
- 1-Bedroom Apartments: Separate living rooms and bedrooms
- 2-Bedroom Apartments: Additional space suitable for small families
What Building Amenities Are Available?
Al Khor Tower provides essential high-rise facilities that support convenient urban living.
Key Building Facilities Include:
- Swimming pool with a dedicated resident area
- Fitness center with basic exercise equipment
- Children's play area for younger residents
- 24/7 security with controlled access and CCTV
- Designated parking for residents
What is the Investment Potential and ROI?
Al Khor Tower represents a stable investment opportunity in Ajman's established residential market.
Current Purchase Price Ranges
- Studio Apartments: AED 165,000 - AED 230,000
- 1-Bedroom Apartments: AED 240,000 - AED 340,000
- 2-Bedroom Apartments: AED 330,000 - AED 490,000
Rental Yield Analysis
- Studio Apartments: AED 13,500 - AED 19,000 annually
- 1-Bedroom Apartments: AED 18,500 - AED 27,000 annually
- 2-Bedroom Apartments: AED 25,000 - AED 36,000 annually
Sample ROI Calculation (1-Bedroom):
- Purchase Price: AED 285,000
- Annual Rent: AED 22,500
- Gross Rental Yield: 7.89%
What Are the Total Ownership Costs?
Understanding all expenses ensures accurate financial planning for buyers and residents.
For Buyers:
- Property Price: Negotiated purchase price
- Land Department Fees: 2% of purchase price (typically split)
- Agent Commission: 2% + 5% VAT
For Owners/Residents:
- Service Charges: AED 8-12 per square foot annually
- FEWA Utilities: AED 350-650 monthly for a 1-bedroom
- Internet/TV: AED 300-450 monthly
What is Daily Life Like in Al Khor Tower?
The resident experience combines urban convenience with community living in an established building.
Community Environment:
- Resident Profile: 55% working professionals, 30% small families, 15% long-term residents
- Cultural Diversity: Represents over 18 nationalities
- Noise Levels: Moderate to high in units facing main roads
- Security: 24/7 controlled access with security personnel
What Are the Transportation and Commute Times?
The central location provides efficient connectivity with predictable commute durations.
Typical Commute Durations:
- Ajman City Center: 5-10 minutes
- Sharjah City: 15-30 minutes
- Deira, Dubai: 35-50 minutes
- Dubai Marina: 60-80 minutes
Transportation Options:
- Public Buses: Multiple routes with regular service
- Taxis: Consistently available throughout the area
- Private Vehicles: Easy highway access with multiple routes
- Walking: Many daily destinations are accessible within a 10-minute walk
Frequently Asked Questions
1. What is the average service charge in Al Khor Tower?
Service charges typically range from AED 8 to AED 12 per square foot annually. For a 1-bedroom apartment (750 sq ft), this equals AED 6,000 to AED 9,000 per year, payable in quarterly or semi-annual installments.
2. How does Al Khor Tower compare to newer Ajman buildings?
Al Khor Tower offers established reliability and lower prices but fewer luxury amenities than newer developments. Purchase prices are typically 15-20% lower than new towers, while rental yields remain competitive at 7-9% due to strong demand.
3. What is the rental yield compared to other Ajman properties?
Al Khor Tower delivers competitive yields of 7-9%, placing it in the upper range of Ajman residential properties. Newer luxury buildings typically yield 6-8%, while the tower's established reputation supports consistent rental demand.
4. How long is the commute to Dubai from Al Khor Tower?
Commute times to Dubai vary by destination:
- Sharjah City: 15-30 minutes
- Deira, Dubai: 35-50 minutes
- Dubai Marina: 60-80 minutes
- Peak traffic hours can increase these times by 15-25 minutes.
5. Is Al Khor Tower a good investment for rental income?
Yes, particularly for stable rental returns. The tower's central location and established reputation support consistent occupancy rates of 85-90%.
