Gulf Tower Ajman | Ready Apartments by GJ Properties

Gulf Tower is a completed residential tower in Emirates City, Ajman, built by GJ Properties on Sheikh Mohammed Bin Zayed Road. It holds one, two and three bedroom apartments across 25 residential floors, above five parking levels and a ground floor of commercial showrooms. The developer has sold out, so the apartments now change hands on resale, with asking prices starting from around AED 286,000 and most two bedroom homes trading between AED 500,000 and AED 600,000.

What makes this building worth a look is the rental arithmetic, which you can check rather than take on trust. Two bedroom apartments in Gulf Tower let for around AED 40,000 a year, and two bedroom resales commonly sit between AED 500,000 and AED 600,000, which puts gross yields in the region of 7%. Very little in Dubai gets close to that, and because the tower is finished and tenanted there is no construction risk and no waiting — a buyer can see the actual apartment, meet the actual building and, in many cases, inherit a sitting tenant. The tower is also one of the deepest markets in Ajman, with hundreds of apartments listed for sale and well over a hundred for rent at any time, which matters when you eventually want to exit. For buyers looking at GJ Properties ready-to-move apartments in Ajman or comparing ready apartments in Ajman, this is the yield play. It is also worth setting against other ready apartments for sale in the UAE.

Key Highlights

1. Completed and occupied tower, ready to move in
2. Freehold title open to all nationalities
3. 1, 2 and 3 bedroom apartments
4. 25 residential floors over five parking levels
5. Commercial showrooms on the ground floor
6. Resale prices from around AED 286,000
7. Two bedroom resales commonly AED 500,000 to AED 600,000
8. Two bedroom rents around AED 40,000 a year
9. Gross yields in the region of 7%
10. Directly on Sheikh Mohammed Bin Zayed Road (E311)