Ajman’s real estate market witnessed remarkable growth in the first half of 2024, with 7,071 transactions valued at over AED 9 billion, posting a 33 percent increase compared to the same year-ago period.
The transactions included 2,039 for citizens, totalling AED2.98 billion, and 5,139 transactions for foreign investors, totalling AED6.048 billion, reflecting an impressive 88 percent growth, according to a report by Ajman’s Land and Real Estate Regulatory Department.
Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Department of Land and Real Estate Regulation in Ajman, said the real estate sector in Ajman has seen remarkable growth in recent years due to the emirate’s provision of facilities and success factors for investors and their projects.
Ajman real estate market growth ‘reflects investors’ confidence’ in Emirate
“The growth achieved by the emirate’s real estate sector reflects investors’ confidence in Ajman as a leading investment destination and strengthens the sector’s robustness.
“It also reflects the success of the Department of Land and Real Estate Regulation’s strategy aimed at providing an integrated and distinguished business environment for investors of various categories,” he said.
According to the report, the volume of real estate transactions in Ajman during the first half of the year reached 5,449 transactions valued at AED6.139 billion, an increase of 37 percent compared to the same period last year.
Additionally, 1,205 mortgage transactions were recorded with a total value of AED1.797 billion over the past six months.
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