A big opportunity has come for those looking to buy a house in Ajman. Rockhill Development has announced the construction of its first residential tower in the city. The company has invested 250 million dirhams in this project, so that people can get premium facilities at a lower price.

Highlights of the project

This new tower will be built in Al Alia area of ​​Ajman. The aim of the company is that people should now get modern architecture and lifestyle like Dubai in Ajman also. From here it will take only 39 minutes to reach Downtown Dubai without traffic.

• This building will have a total of 35 floors.
• It will have ground floor, 6 parking levels and 3 service floors.
• A total of 26 floors will be residential, in which 416 flats will be built.
• Here you will find studio, 1-bedroom, 2-bedroom and 3-bedroom houses.
• The size of the flats will range from 405 to 1,361 square feet.

Price and payment plan

The prices of the houses and payment methods have been kept keeping in mind the convenience of the common man.

Features and benefits of investment

More than 25 modern facilities will be provided in this tower. These include smart home systems, Japanese Daikin AC, kitchen appliances from LG and Bosch, private cinema, gym, swimming pool, yoga deck, children’s play area and co-working space.

This can be a good opportunity for investors because it is expected to get returns of 10 to 14% annually. Also, the price of property can increase by 40 to 55% in 2 to 3 years. The special thing is that 4% property tax will not have to be paid in Ajman.

The project is RERA registered and all the money will be kept in a government monitored escrow account. Apart from this, there are also three commercial shops available for sale, where businesses like cafes or clinics can be started.