Real estate transactions in Ajman reached $621 million in December 2024, reflecting a record-breaking 102% growth compared to December 2023, according to the Real Estate Report from the Department of Land and Real Estate Regulation.
Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation, reported that December 2024 saw 1,169 real estate transactions in Ajman, including 935 property trades valued at over $506 million. Al Jurf 1 recorded the highest property sale, worth $81 million.
Al Muhairi emphasized that Ajman’s real estate market is witnessing unprecedented growth, achieving record figures that showcase the sector’s quality, the diversity of investment opportunities, and its strong appeal to investors from various segments. He attributed the market’s success to the emirate’s unique advantages and high competitiveness, making it an attractive hub for business and investment.
The report also highlighted 148 mortgage transactions in December, amounting to nearly $69 million, with the highest mortgage, valued at $3 million, recorded in the Al Jurf Industrial 3 area.
In the first half of 2024, real estate transactions in Ajman surged by 33% compared to the same period in 2023, with 7,071 transactions valued at $2.5 billion, according to a report from Ajman’s Land and Real Estate Regulatory Department.
The highest transaction values were recorded in Al Yasmeen, Al Zahia, and Al Helio 2, while the eastern sector led in transaction activity, followed by the southern and northern sectors.
