Lily Tower Phase 2, Ajman Downtown
Tiger Group is developing Lily Tower Phase 2 in Ajman Downtown. This extends the Lily Tower development already established in the district. The project offers apartments at a flat AED 360,000 per unit. Construction started in late October 2026, making this an early-stage off-plan purchase with a December 2029 completion target.
What Ajman Downtown Means in Practice
Ajman Downtown is the commercial and administrative center of the emirate. Government departments, retail corridors, banks, and public transport connections are concentrated here. The E311 provides road access toward Sharjah and Dubai; the drive to central Sharjah takes around 15 to 20 minutes, and reaching central Dubai takes roughly 45 to 60 minutes in normal traffic.
Ajman shares a border with Sharjah to the south. Residents of Ajman Downtown have practical access to Sharjah's commercial areas without a long commute. The E311 is the main arterial link connecting both emirates onward to Dubai. For a buyer whose budget sits at AED 360,000, Ajman Downtown provides an urban, well-connected address.
AED 360,000: One Price, One Decision
All units in Lily Tower Phase 2 are priced at AED 360,000, with no variation across floors or unit types. The decision is binary: the price works or it does not. At this level, the project sits in the entry segment of the UAE residential market.
Two buyer profiles fit this number. A first-time buyer looking for an owned address in Ajman at an accessible cost. An investor targeting a low-capital entry with rental income as the return. For the investor, the uniform price simplifies the analysis: one number defines both the acquisition cost and the yield calculation. The single-price structure also removes the need to evaluate which floors or orientations represent value.
Getting In for 10%
| Stage | Percentage |
|---|---|
| Down payment | 10% |
| During construction | 60% |
| On handover | 30% |
The down payment is AED 36,000, equal to 10% of the purchase price. A 10% entry is low for UAE off-plan transactions, where upfront requirements are commonly set higher. That lower front-end cost reduces the financial barrier to starting.
The construction-phase 60% distributes across the build period, which runs approximately 38 months. The final 30% is due at handover in December 2029. There are no post-handover installments; the full purchase price settles at the point of key transfer.
What the Amenity Set Says
| Category | Amenities |
|---|---|
| Recreation | Indoor Swimming Pool, Gymnasium |
| Outdoor | Landscaped Gardens |
| Family | Children's Play Area |
| Dining | Restaurants |
| Security | CCTV Security |
The indoor swimming pool stands out in this list. An enclosed pool functions year-round; Ajman's summer temperatures make outdoor pools impractical for several months each year. The gymnasium covers the fitness needs of daily users. The children's play area and on-site restaurants are community-building features: they create day-to-day reasons for families and long-term residents to use the shared spaces. The landscaped gardens add a usable outdoor area. The overall set is aimed at occupancy over asset storage.
Three Years to Keys
Construction on Lily Tower Phase 2 started in late October 2026. The project is at the very beginning of its build cycle. Completion is scheduled for December 2029, placing handover approximately 38 months from now.
For a buyer entering today, the full construction-phase installment window is ahead. The 60% in mid-phase payments runs across those 38 months. The final commitment is the 30% due at handover in December 2029. There are no payment obligations after that point; the purchase settles entirely at key transfer.
