Ajman saw in August 2024 a total of 1,264 real estate transactions, accumulating over AED1.57 billion ($427.4 million) in value.
Omar bin Omair Al Muhairi, the director-general of Ajman’s Department of Lands and Real Estate Regulation, reported that the trading volume in the emirate reached AED950 million from 1,005 individual transactions. He highlighted that the “Helio 2” area had the highest sales, amounting to AED 38.7 million.
Ajman Chamber launches strategy to attract investment, foster innovation, and drive economic growth
Al Muhairi noted, according to WAM, a growth of 4.6 percent in real estate transactions compared to the same period in 2023, as indicated by the department’s real estate report. He emphasized that the sector in Ajman is experiencing remarkable activity and continues to demonstrate positive trends, providing various investment opportunities and attracting a larger pool of investors, which has further boosted demand for real estate.
Additionally, the director-general mentioned that the department recorded 184 mortgage transactions, totaling AED267 million, with the peak mortgage value reaching AED14 million in the “Al Nuaimia 1” area.
Last month, the Ajman Chamber of Commerce and Industry (ACCI) has launched its ambitious 2024-2030 Strategy, led by Chairman Abdullah Mohammed Al Muwaiji. This comprehensive initiative aligns perfectly with Ajman Vision 2030, incorporating its strategic objectives and eight core principles. The strategy aims to propel Ajman’s economic growth, foster a thriving business environment, attract investment, and champion innovation and sustainability across diverse sectors.
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