Canterbury Waterfront

A nine-storey building on the Al Zorah waterfront in Ajman — the lowest entry point among the coastal projects covered in this batch: a studio from 30 square metres costs from $135,000. Payments are spread at one percent a month.

What's on offer

Studios from 30 m² from $135,000, one-bedrooms from 51 m² from $223,000, two-bedrooms from 76 m² from $316,000. That works out to about $4,500 per square metre for a studio and roughly $4,200 for a two-bedroom — half the price of a waterfront unit in Dubai.

A balcony or terrace is stated for every apartment. For a waterfront building that's not decoration: without its own outdoor space, a waterfront apartment loses the main reason it's bought in the first place.

Ajman instead of Dubai: what that means

The building isn't in Dubai but in the neighbouring emirate, with a stated 30 minutes to DXB airport. That explains the price per metre: Ajman's market is several times cheaper than Dubai's.

The flip side is liquidity. Rental and resale demand here is thinner, exiting a property takes longer, and price growth comparable to Dubai's shouldn't be expected. This is a purchase for living by the water at a low ticket, not for turnover.

Al Zorah itself sells on strong infrastructure: a championship 18-hole golf course, four marinas, a yacht club, a 100-hectare mangrove reserve and five-star resorts. The beach is about five minutes from the building.

Payment plan

The schedule is broken into small steps: 5% first instalment, another 15% after thirty days, 33% during construction and 11% at completion. The remainder is paid off monthly at one percent.

Look at the money, not the percentages: five percent of $135,000 is about $6,800 at entry. The threshold is low, and that's the main argument here.

Materials from the selling side at launch: sizes, prices, payment plan and community composition. Price per square metre is our own calculation.