According to WAM, Ajman’s real estate market recorded exceptional growth in December 2024, with transactions reaching AED2.28 billion. This marks an impressive 102% increase compared to December 2023, according to a report by the Department of Land and Real Estate Regulation.

Omar bin Omair Al Muhairi, the Director-General of the department, revealed that there were 1,169 real estate transactions last month. Among these, 935 property sales were valued at over AED1.86 billion. The highest property sale was in Al Jurf 1, at AED300 million.

Al Muhairi noted that Ajman’s real estate market is booming, achieving record-breaking numbers thanks to its attractive investment opportunities and strong appeal to investors. He added that the emirate’s competitive advantages make it a top choice for businesses and investors alike.

The report also highlighted 148 mortgage transactions valued at AED252.8 million. The Al Jurf Industrial 3 area recorded the highest mortgage value at AED11.2 million.

This rapid growth underlines Ajman’s rising prominence as a key player in the UAE’s real estate sector.