The Ajman real estate market experienced a robust upswing in August 2024, as the value of transactions soared past $427.4 million (AED 1.57 billion). The trading volume, consisting of 1,005 individual deals, contributed AED 950 million to this remarkable figure. This solidifies Ajman’s growing reputation as a hotspot for real estate investments.
According to Omar bin Omair Al Muhairi, the director-general of the Department of Lands and Real Estate Regulation in Ajman, the property sector has seen consistent growth, with real estate transactions witnessing a 4.6% increase compared to the same period last year.
Al Muhairi emphasized that the emirate’s real estate sector continues to flourish, driven by its attractive investment landscape and an expanding pool of investors.
He further pointed out that the “Helio 2” area recorded the highest sales value, reaching an impressive AED 38.7 million, a testament to the area’s increasing desirability.
Al Muhairi highlighted that Ajman offers a diverse range of investment opportunities, with its strategic location, robust infrastructure, and favorable business environment drawing investors locally and internationally.
The emirate’s sustained momentum in the property market not only underscores its economic resilience but also positions it as a lucrative destination for real estate investment.
The report also revealed a total of 184 mortgage transactions valued at AED 267 million during the month, with the highest mortgage transaction recorded at AED 14 million in the “Al Nuaimia 1” area. This surge in mortgage activity reflects the growing confidence of investors in the emirate’s real estate market.
In tandem with the flourishing real estate sector, the Ajman Chamber of Commerce and Industry (ACCI) has launched its ambitious 2024-2030 Strategy.
Under the leadership of Chairman Abdullah Mohammed Al Muwaiji, this initiative aligns with the Ajman Vision 2030 and incorporates strategic objectives to further fuel the emirate’s economic growth.
The ACCI strategy aims to foster a vibrant business environment, attract significant investments, and champion sustainability and innovation across various sectors.
As Ajman continues its upward trajectory, its real estate market serves as a key driver of economic expansion. With a focus on sustainable development and innovation, the emirate is well-positioned to meet the evolving demands of investors, making it a promising hub for future growth.
