In 2024, the real estate market of the city of Ajman performed excellently, with property transactions reaching 15,125, totalling more than AED20.5 billion. This constitutes a remarkable growth of 21% compared to the previous year (2023). In turn, this establishes the Emirates as an ever-rising star in the UAE property landscape.
Support from Visionary Leadership
Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Ajman Department of Land and Real Estate Regulation, was blunt that this growth is due to the strong and carefully steered vision of the emirate's leaders: This is how Ajman evolved into a competitive and interesting destination for local and international investors model modern lifestyle and offer fruitful opportunities for local and foreign investors.
Key Areas Leading Market Activity
According to Omar bin Omair Al Muhairi, the Ajman General Manager, "Ajman traded 11880 trading operations in 2024 with a value of more than AED 14.37 billion, which is a 40 per cent increase from the previous year. The most significant transaction was 'Al Jurf 1', amounting to AED 300 million, and the most significant mortgage was related to 'Al Amera', worth AED 155 million.
Best Performing Neighborhoods and Sectors
The "Eastern" sector was the most active in terms of trade, surpassing both the Southern and Northern sectors. Hay Al Helio 2 took the lead with the number of transactions, followed closely by Al Yasmin and Al Zahia. These areas are mostly sought after by investors because of their development potential and excellent infrastructure.