Ajman Real Estate Market Soars to $397.5 Million in March 2024

Ajman Real Estate Market Soars to $397.5 Million in March 2024

In March 2024, the real estate sector in Ajman experienced a substantial surge, with transactions totaling AED 1.46 billion, marking a noteworthy increase of over 49.9% compared to the same period in 2023.

Engineer Omar bin Omair Al Muhairi, the Director General of the Department of Land and Real Estate Regulation in Ajman, revealed that 1169 transactions took place during this period. Notably, the Al Helio 1 area recorded the highest sales value, reaching AED 72 million.

Read this also : Attal Holding and Arab Contractors Forge Strategic Partnership for Property Development

Al Muhairi emphasized the booming nature of Ajman’s real estate market, attributing its exceptional performance and record-breaking figures to the emirate’s ability to cater to diverse investor needs and goals. Ajman’s competitive advantages and favorable investment climate are driving up demand across all property segments, evidenced by its steadily increasing sales.

Read this also : Rising Demand for Co-Living Spaces in Dubai Spurs Rent Increases for First-Time Residents

The department recorded 168 mortgage transactions exceeding AED 280 million in March 2024, with the highest mortgage value recorded in the Al Rawda 1 area at AED 20.9 million. The Al Yasmeen neighborhood emerged as the most traded, followed by Al Helio 2 and Al Zahia. Additionally, the Ajman One project led the list of the most traded major projects, surpassing both the Emirates City Ajman and City Towers Ajman projects.

This surge in real estate activity underscores Ajman’s attractiveness to investors and highlights its potential for sustained growth. With its strategic location, favorable investment environment, and diverse opportunities, Ajman continues to solidify its position as a premier destination for real estate investment in the UAE.

By providing comprehensive insights and transparent data, the Department of Land and Real Estate Regulation in Ajman remains committed to fostering a thriving real estate ecosystem, bolstering investor confidence, and driving the emirate’s real estate sector towards continued prosperity.

This content is meticulously crafted to be SEO-friendly and plagiarism-free, ensuring maximum visibility and credibility in online platforms.

Join The Discussion

Compare listings


Sign-Up Now