Posted inReal EstateLatest NewsUAE

Ajman real estate transactions hit $1.2bn in Q1

Ajman real estate is booming with transaction value up more than 26 per cent in past year

Ajman real estate

Ajman real estate is thriving, with transaction value increasing by more than 26 per cent to $1.2bn in the past year.

The total value of real estate transactions in Ajman reached AED4.3bn ($1.2bn) during the first quarter of 2024, reflecting a remarkable growth of over 26.6 per cent compared to the same period in 2023.

Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Department of Land and Real Estate Regulation in Ajman, said: “The exceptional performance of the real estate sector reflects the emirate’s sound economic leadership and its commitment to fostering a robust and competitive economy.”

Ajman real estate

He further highlighted the significant contribution of the Ajman Real Estate Investment Exhibition in driving market momentum and achieving positive results.

The exhibition witnessed the conclusion of 336 real estate transactions worth AED195.8m ($53.3m), underscoring investors’ confidence in Ajman’s real estate sector thanks to the Emirate’s compelling investment prospects, promising projects, and diverse opportunities.

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