Real estate in Ajman grew at an exceptional level in 2024 and exceeded total property valuations of AED 8.38 billion. "At a time when real estate investors are well assured of buoyant demand for property in the emirate, there are already a total of 1,853 transactions of valuations recorded by the Department of Land and Real Estate Regulation," says the department.
Golden Visa Applications Drive Demand
Of these valuations, a staggering 1,512 transactions worth AED3.82 billion anchored to investors applying for golden residency in the UAE have been reported. The increased interest denotes Ajman's enticing appeal to longer-term investors attracted by stability, affordability, and quality development. The golden visa initiative remains a key driver of activity in the real estate sector.
Commercial Property Tops the List
In terms of the number of transactions representing the valuation exercise in 2024, commercial property accounted for 391 transactions worth AED5.29 billion, which is significantly more than the AED2.12 billion that residential property made up and the AED888 million that industrial property prices totalled.
In effect, these figures indicate the expansion of the emirate's commerce sector and its enhancing role in attracting business-oriented investments.
Development Projects and Institutional Needs
There were 594 valuation transactions for units located in real estate development projects, with a total worth of AED 361. million. Moreover, the report included personal property valuations as well as assessments done for courts and various institutions, thereby highlighting the great scope of real estate activities in the emirate.
The attractive investment climate and competitive prices of property in Ajman still underwrite its position as a leading real estate hub in the UAE.