In September 2024, Ajman’s real estate market broke all records. The 1277 transactions done in the real estate market hit the value of $531 mn (AED 1.95 bn). If we compare it with last year, 2023, there was an increase of 21.8%. This speaks volume about the investment appeal of Ajman. H.E. Eng. Omar bin Omair Al Muhairi, the Director-General of Ajman’s Department of Land and Real Estate Regulation, said,

“The rise in real estate is because the city has a flexible market and many different investment choices. These choices offer investors good-quality properties that fit their needs.”

We break $531 mn in parts to understand how it reached this value. Al Muhairi. Al Muhairi mentioned that the Rumaila 3 area was sold for the highest price, which was $27.2 million. The Emirates City project had the most sales, while Ajman One and Madina Towers were next. Al Helio 2, Al Yasmeen, and Al Zahia are the neighborhoods in Ajman. People buy and sell homes the most in these two areas. This shows that Ajman has many different types of homes in various areas from which to choose.

There were 191 mortgage transactions in September. Their worth was over AED 126.2 million. Al Nakheel had the largest mortgage transaction at AED 55 million. It shows the trust and confidence of local and international investors in Ajman’s property market. Citizens completed 2,039 transactions totaling AED 2.98 billion. Meanwhile, foreign investors made 5,139 transactions worth AED 6.048 billion.

Ajman’s real estate market is growing quickly. It is not something that happened all of a sudden in one month. There’s continuous progress and improvement. The first half of 2024 saw a 33% increase in property transactions in Ajman compared to the same period in 2023. There were 7,071 transactions with a total value of AED 9 billion (which is about $2.5 billion). Eastern part of Ajman saw the most growth, followed by the southern and northern parts. This shows that Ajman continues to be an attractive place for real estate investment across its regions.

Ajman’s real estate market is growing steadily, offering many investment choices. This is good news for both local people and international investors. Al Muhairi affirmed this by giving his statement

“Ajman’s market combines flexibility and high-quality options, making it easier for investors to make informed decisions.”

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Ajman’s real estate sector reached a total valuation of AED 2.25 billion in August 2024