Ajman Creek Tower 4

Fourth tower of five: 40% before handover, 60% spread over seven years

On Ajman Creek Tower 4, buyers only settle 40% of the price before handover. The remaining 60% is spread over seven years after completion, according to the fact sheet circulated by GJ Properties. This extended payment schedule is the real talking point of this fourth tower, more so than its size, which mirrors its neighbours: 25 residential floors sitting on a ground floor and a five-level podium shared across the whole development. The Ajman Creek Towers scheme lines up five towers and 1,775 apartments in Al Rashidiya 1, along Ajman Creek. The question is who this financing structure actually suits, and what it means in practice.

The 40/60 split, step by step

Reservation starts with a 10% deposit on the unit's value, payable by card or cheque. Next comes signing the sales purchase agreement (SPA), along with a transfer of the down payment into an escrow account. Registering the unit triggers the issuance of an Initial Agreement for Sale in the buyer's name, a step that also brings Land Department fees and administrative charges. Spread over seven years, the 60% due post handover works out to a little over 8.5% of the price per year on average. The fact sheet does not state how often instalments fall due (monthly, quarterly or half yearly), a detail worth getting in writing in the SPA.

Late 2026 or late 2027: two dates in circulation

The development's marketing materials point to handover in the fourth quarter of 2026. Tower 4's own project data, however, lists 31 December 2027. The gap is not unusual for a five tower scheme delivered in phases, and there's no reason the fourth tower would come online at the same time as the first. For a buyer planning to rent out quickly, that one year gap matters for the numbers. It also pushes back the starting point of the seven year post handover payment period. It's worth checking the contractual date specific to this tower before signing.

103 three bedroom units from 257 to 319 sqm across the development

The unit mix is heavily skewed. Out of 1,775 homes, 1,275 are one bedroom units of 100 to 113 sqm, 400 are two bedroom units of 147 to 153 sqm, and only 100 are three bedroom units. These measure between 257 and 319 sqm, townhouse scale footprints inside a tower. The one bedroom units, for their part, run well above the 70 to 80 sqm typically seen in recent Ajman developments. Advertised interiors include fitted kitchens and spa style bathrooms, though the brand of fittings is not specified.

Three pools on a shared podium

The podium houses most of the amenities: a family pool, an adults only pool and an infinity pool facing the creek. Also included are a health club, a children's play area, landscaped gardens and walking paths. Restaurants, cafes and shops occupy the lower levels, cutting down the need to drive for daily errands. Parking is covered and built into the base structure. The flip side: these facilities serve all five towers, potentially more than 1,700 households. Pool crowding at peak times and the level of service charges remain open questions worth watching.

Between Ajman beach and the Sharjah border

Al Rashidiya 1 sits less than ten minutes from Ajman Beach and Al Hamidiya Park. Ajman City Centre, Ajman University and the Al Zorah nature reserve, with its mangroves, are listed at 10 to 20 minutes away. Sharjah Airport, Dubai Airport, Amina Hospital and Al Marjan Island (Ras Al Khaimah) fall in the 20 to 30 minute range. Downtown Dubai and the Dubai Mall require a little over 30 minutes, a figure that assumes smooth traffic along the Sharjah-Dubai corridor, rarely the case during office hours. The area therefore targets, first and foremost, those who work in Ajman or Sharjah, or who are willing to commute.

GJ Properties concentrates its towers in Al Rashidiya 1

The developer claims about a decade of completed projects in Ajman and the Northern Emirates. Al Rashidiya 1 has become its main base, with Oasis Tower, Barajeel, Ajman Pearl and the Creek Towers standing just a few streets apart from one another. This clustering has a direct effect: Tower 4 competes with the developer's own other towers, both for sale and for rent. An investor would do well to compare unit sizes, floor levels and handover dates across GJ's own portfolio before deciding. Freehold ownership here is open to foreign buyers, subject to the documentation required depending on status (resident or non resident individual, mainland company, offshore or DMCC entity).