Real estate transactions in Ajman reached 9 billion AED in the first half of 2024.
In the first half of 2024, the real estate market in Ajman demonstrated significant growth, completing 7,071 transactions totaling over 9 billion dirhams, marking a 33% increase compared to the same period last year.
Transaction and Investment Dynamics
Out of the total transactions of 7,071, 2,039 were made by citizens, amounting to 2.98 billion dirhams, and 5,139 transactions were by foreign investors, totaling 6.048 billion dirhams, reflecting an impressive 88% growth. These figures are reported by the Ajman Land and Real Estate Regulatory Department.
Investor Confidence in Ajman
Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Ajman Land and Real Estate Regulatory Department, noted that the growth achieved in the real estate sector reflects investor confidence in Ajman as a leading investment destination. He also emphasized the success of the department’s strategy in creating an integrated and favorable business environment for investors of various categories.
Total Transaction Volume
The total volume of real estate transactions in Ajman for the first half of the year amounted to 5,449 transactions totaling 6.139 billion dirhams, which is a 37% increase compared to the previous year. Additionally, there were 1,205 mortgage transactions during the reporting period, amounting to 1.797 billion dirhams.
These data underscore the stability and promising outlook of the Ajman real estate market, making it attractive for investors both locally and internationally. Fill out the form below to purchase property in the UAE.
