Real Estate Trading In Ajman Sees 67% Growth In Value During 2024

The Department of Land and Real Estate Regulation in Ajman reported a notable surge in real estate trading values, reaching over AED1.44 billion. This marks a 67% rise compared to the previous year. The emirate's real estate market has shown remarkable activity, with trading operations in development projects increasing by 44%, totalling 3,624 transactions.

Omar bin Omair Al Muhairi, Director General of the Department, highlighted the vibrant growth in Ajman's real estate sector. He noted that the Al Zorah area recorded the highest sales value among development projects, amounting to AED6.92 million. The "Gold Crest Dream" project led in terms of trading frequency, followed by "Lilies Tower – B" and "Lavender Tower."

Saeed Al Matrooshi, Director of Real Estate Project Management, emphasised that Ajman's market performance underscores its attractiveness and investment potential. The area's infrastructure and attractions align well with investor expectations. Notably, Al Zorah also recorded the highest mortgage value in development projects.

The Director General assured that all real estate development projects undergo regular monitoring and field visits. This ensures companies adhere to standards that enhance residents' comfort and quality of life within residential complexes.

Ajman's real estate market benefits from its strategic location and robust infrastructure. These factors contribute to its appeal for investors seeking quality investments. The ongoing developments reflect a commitment to maintaining high standards in residential living environments.

The significant increase in trading operations highlights Ajman's growing reputation as a prime destination for real estate investments. This growth is supported by continuous improvements in infrastructure and amenities that attract both local and international investors.

With inputs from WAM