Ajman’s real estate sector recorded 1,853 valuation transactions in 2024, with a total value exceeding AED8.38 billion ($2.28 billion), according to the latest annual data from the Ajman Real Estate Index.
Omar bin Omair Al Muhairi, director-general of the Department of Land and Real Estate Regulation in Ajman, stated that valuation transactions for real estate development project units amounted to 594 transactions, with a total value of AED361.8 million.
He also noted that 1,512 valuation transactions were processed for investors applying for golden residency, totaling AED3.82 billion.
391 commercial property valuations worth AED5.29 billion
Al Muhairi highlighted that the annual statistics reflect the growing demand in Ajman’s real estate market and underscore the emirate’s appeal to investors and entrepreneurs. He attributed this growth to Ajman’s promising investment opportunities, competitive prices and high-quality real estate offerings, which align with investors’ expectations while providing a secure and stable business environment conducive to diverse investor segments.
Al Muhairi added that commercial property valuations in 2024 accounted for 391 transactions worth AED5.29 billion, surpassing residential property valuations, which amounted to AED2.12 billion. Meanwhile, industrial properties ranked third, with a total valuation of AED888 million.
Total real estate transactions grow 21 percent
The total number of real estate transactions in Ajman during 2024 reached 15,125 real estate transactions with a total value exceeding AED20.5 billion, reflecting a remarkable annual growth of 21 percent.
2024 witnessed the registration of 11,880 trading operations with a total value exceeding AED14.37 billion, reflecting an annual growth of 40 percent. The Al Jurf 1 area witnessed the highest sale value of AED300 million, while the highest mortgage value of AED155 million was recorded in the Al Amera area.
Eastern sector emerges as most traded
The Eastern sector topped the list of the most traded sectors, ahead of both the Southern and Northern sectors, with the Hay Al Helio 2 at the top of the most traded neighborhoods list, followed by Al Yasmin and Al Zahia.
Sheikh Abdulaziz bin Humaid Al Nuaimi, chairman of the Ajman Department of Land and Real Estate Regulation, stated that the exceptional performance of the real estate market over the past year is evidence of the sector’s strength and a positive indicator that enhances Ajman’s position as a premier investment destination and promises a bright future for the emirate’s economy.
He emphasized that the recorded figures reflect the visions of the wise leadership and their efforts to enhance the reputation of Ajman’s real estate market, which is one of the most competitive markets in the world, offering promising opportunities and a comprehensive and attractive investment experience that meets the ambitions and aspirations of investors from all segments.
