Ajman Real Estate Hits $523 Million in Q1 as Golden Visa Investors Boost Sales

Ajman Real Estate Hits $523 Million in Q1 as Golden Visa Investors Boost Sales

The Ajman real estate market saw a surge in transactions during the first quarter of 2024, driven by strong investor interest and a favorable investment climate. According to official data, real estate transactions in Ajman reached AED1.92 billion ($523 million) during this period.

Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, revealed that 400 real estate valuation transactions totaling over AED1.92 billion ($523 million) were recorded in the recent quarterly report. Al Muhairi noted a significant increase in personal valuation transactions, with a 129% rise compared to the same period in 2023.

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Ajman Real Estate Highlights

The report showed that 277 real estate valuation transactions, totaling AED669 million ($182 million), were registered for investors with golden visas. This reflects the sustained momentum in Ajman’s real estate market, which is expected to continue growing due to the emirate’s economic opportunities, diverse attractions, and conducive investment environment.

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Commercial real estate transactions saw a 10.34% increase in valuation, reaching a total of over AED1.4 billion ($406 million). This figure outpaced residential real estate transactions, which were valued at AED317.5 million ($86 million).

Meanwhile, industrial real estate transactions secured third place with a total valuation of AED164 million ($45 million). These results indicate the ongoing strength and appeal of Ajman’s real estate market across various sectors.

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Ajman’s real estate market is poised for continued growth, bolstered by the emirate’s strategic location, thriving economy, and favorable policies attracting investors seeking golden visa opportunities.

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