Ajman’s property market experienced significant growth in the first half of 2024, with 7,071 transactions worth over AED 9B, marking a 33 percent rise compared to the same period last year.
The transactions included 2,039 for citizens, amounting to AED 2.98B, and 5,139 transactions for foreign investors, totalling AED 6.048B, showing 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, stated that the real estate sector in Ajman has experienced significant growth in recent years due to the emirate’s provision of facilities and success factors for investors and their projects.
Ajman’s property market growth ‘reflects investors’ confidence’ in the Emirate
“The growth achieved by the emirate’s property sector reflects investors’ confidence in Ajman as a premier investment destination and strengthens the sector’s resilience.
“It also highlights the success of the Department of Land and Real Estate Regulation’s strategy aimed at providing an integrated and exceptional business environment for investors of various categories,” he said.
According to the report, the volume of property transactions in Ajman during the first half of the year reached 5,449 transactions valued at AED 6.139B, a 37 percent increase compared to the same period last year.
Additionally, 1,205 mortgage transactions were recorded with a total value of AED 1.797B over the past six months.
