In 2024, the Emirate of Ajman recorded a total of 15,125 real estate transactions, with a combined value exceeding AED 20.5 billion. This represents a significant growth of 21% compared to the previous year, showcasing a robust performance in the real estate sector.

Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Ajman Department of Land and Real Estate Regulation, highlighted that this impressive performance is a testament to the strength of the real estate market. He noted that these results enhance Ajman’s status as a key investment destination and indicate a promising future for the emirate’s economy.

Al Nuaimi emphasized that the data reflects the vision of the wise leadership in Ajman and their commitment to bolstering the reputation of the emirate’s real estate sector. He described it as one of the most competitive markets globally, offering lucrative opportunities and an attractive investment experience tailored to meet the ambitions of various investors.

Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the emirate’s real estate market maintained a strong upward trend. He cited numbers and statistics from the Ajman Real Estate Index, noting that 2024 saw 11,880 trading operations valued at over AED 14.37 billion, marking a 40% increase from 2023.

Al Muhairi also reported that the “Al Jurf 1” area recorded the highest sale value of AED 300 million, while the “Al Amera” area had the highest mortgage value at AED 155 million. He attributed the heightened market activity to the increasing investment volume, fueled by supportive incentives and exceptional facilities offered by the Emirate of Ajman.

He pointed out that the real estate sector has become one of the fastest-growing sectors in Ajman and is a crucial pillar of the local economy, significantly contributing to the vibrancy of other key sectors. Furthermore, the “Eastern” sector emerged as the most traded area, followed by the “Southern” and “Northern” sectors, with “Hay Al Helio 2” leading in neighborhood transactions, closely followed by “Al Yasmin” and “Al Zahia.”