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His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the number of real estate transactions during the month of February amounted to 1,541 real estate transactions with a total value exceeding 1.91 billion dirhams, achieving a growth of 27.33 compared to the same period in 2024, and an increase of 21.65% compared to last January.

H.E. Al Muhairi added that the performance of the real estate market reflects the accelerating pace of growth and continuous positive activity and confirms the strength of the sector and the direct increase in demand for various types of real estate in the Emirate, explaining that real estate transactions during the month of February witnessed a remarkable growth exceeding 39.14% compared to the same period in 2024.

Real estate transactions in Ajman during last December amounted to AED 2.28 billion, achieving a record growth of 102% compared to the same period in 2023, according to statistics included in the real estate report issued by the Department of Lands and Real Estate Regulation.

His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, confirmed that the number of real estate transactions during the month of December reached 1169 real estate transactions, while the number of real estate trades reached 935 trading operations with a total value exceeding 1.86 billion dirhams, explaining that the “Al Jurf 1” area witnessed the highest sales value of 300 million dirhams.

His Excellency added that the Ajman real estate market is witnessing unprecedented growth and achieving record numbers that reflect the quality of the sector, the diversity of investment opportunities, and their suitability for various segments of investors interested in practicing their business in the Emirate of Ajman and benefiting from its exceptional advantages and high competitiveness

His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the month of November witnessed 1,345 real estate transactions with a total value of AED 1.84 billion, while the total volume of transaction was estimated at AED 1.35 billion out of a total of 1,1025 transactions.

His Excellency explained that the real estate market in Ajman maintained its momentum and recorded a strong performance, as the number of real estate transactions increased by 27% compared to the same period of 2023, according to the figures and statistics shown by the Ajman Real Estate Index. Al Jurf 1 Area witnessed the highest sale value of AED 56 million.

The Director General of the Department of Land and Real Estate Regulation pointed out that the month of November witnessed 159 mortgage transactions with total value of AED 242 million, where the highest mortgage value was recorded at AED 21.25 million in “Al Jurf Industrial Area 1”.

“Al Helio 2” came at the top of the list of the most traded neighborhoods, followed by “Al Yasmeen” and “Al Zahia”. The “Emirates City” project also topped the list of the most traded major projects, ahead of both the “Ajman One” and “City Towers” projects.

His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the number of real estate transactions during the past month of October amounted to 1,531 real estate transactions with a total value of 1.83 billion dirhams, a growth exceeding 4.57% compared to the same period in 2023.

He explained that the trading volume amounted to 1.33 billion dirhams out of a total of 1,247 trading transactions, indicating that 188 mortgage transactions were recorded with a total value of 277 million dirhams, as the “Al Jurf Industrial 1” area witnessed the highest mortgage transaction at 10 million dirhams.

Al Muhairi said that the recorded numbers reflect the upward trend in the performance of the real estate sector in Ajman, as the market maintained its positive rates and witnessed exceptional activity in many real estate projects thanks to the diversity of investment opportunities and the increasing direct demand for real estate of various types and across the various regions of the emirate.

The Director General of the Department of Land and Real Estate Regulation pointed out that the “Emirates City” project topped the list of the most traded major projects, ahead of both the “City Towers” and “Ajman 1” projects, while “Al Helio 2” came at the top of the list of the most traded neighborhoods, followed by “Al Zahia” and “Al Yasmeen”. He confirmed that the “Liwara 1” area witnessed the highest sale at 32 million dirhams.

The Ajman Chamber has participated in SIAL Paris 2024 with a delegation representing Ajman factories, aiming to expand the emirate’s exports, access new markets, develop Ajman’s food and beverage industries, promote investment opportunities within the sector, and establish new international partnerships that enhance competitiveness and attract direct investment.

The delegation, led by H.E. Mohammed Al Muhairi, joined over 7,500 exhibitors from 130 countries, showcasing products across 10 key sectors. His Excellency Al Muhairi emphasized that the Ajman Chamber’s participation with a delegation from the emirate’s factories reflects its commitment to supporting the industrial sector, developing exports of local products, and accessing new international markets.

He highlighted that the food and beverage sector in the emirate, in particular, meets competitive standards and international quality. Also, participation in SIAL is part of the Chamber’s annual agenda to enhance foreign engagement, open new horizons for local industries, and increase export opportunities. Accordingly, it is expected to have a positive impact on the local economy and strengthen the presence of local products on the international stage.

His Excellency stated that the exhibition offers a global platform featuring a specialized array of conferences, sessions, and panel discussions attended by food industry experts and major global investors to discuss developments in the food industry sector, innovative global trends, and the impact of technology and digitization on increasing production rates.

H.E. Al Muhairi further asserted that the Ajman Chamber delegation was eager to hold a wide range of bilateral meetings during the exhibition activities to promote investment opportunities across all sectors and discuss avenues for cooperation and partnership.

The representatives of the factories participating under the Ajman Chamber’s umbrella at SIAL Paris 2024 praised the Chamber’s significant efforts to support local industries and enhance their presence in global markets. They emphasized that participation in this global event bolsters the emirate’s reputation as an attractive destination for investment and industry. It also provides exceptional opportunities for new trade partnerships and expands the scope of exports to international markets, supporting increased productivity and the development of the emirate’s economy.

H.E. Eng. Abdullah bin Mohammed Al Muwaiji, Chairman of the Ajman Chamber, representing the Federation of Chambers of Commerce and Industry (FCCI) in the UAE, participated in the 16th Arab German Health Forum in Berlin, Germany, to discuss cooperation mechanisms and partnerships between the UAE, Arab countries, and Germany in the field of healthcare and medical tourism.

The Forum also aimed to discuss investment opportunities in the health sector and to address global healthcare developments and challenges. The Forum witnessed significant attendance from decision-makers, healthcare professionals, investors, and business owners. Al Muwaiji stated that the Arab German Health Forum witnessed a diverse range of topics and working papers, including “Reality and Future of the Healthcare Industry, Developments in the Pharmaceutical Industry, Biopharmaceuticals, Medical Tourism, Impact of Innovation and Artificial Intelligence (AI) on the Medical Sector and Healthcare, Sustainable Healthcare Systems, and Healthcare Governance.”

He emphasized the importance of the Forum and its role as an interactive platform that enhances healthcare cooperation between Arab countries and Germany, especially in light of the growth of Arab-German trade, which reached EUR 62.1 billion in 2023, representing a 20% increase compared to 2022. The UAE and Saudi Arabia topped the list of Arab countries in terms of trade volume with Germany.

H.E. Al Muwaiji also praised the UAE’s efforts in developing the healthcare system and fostering direct investments in the pharmaceutical industry. The healthcare sector, from infrastructure, pharmaceutical manufacturing, and education, to medical tourism, has become a top priority on the national agenda to ensure enhanced quality of life. He added: “The UAE is a promising destination for investment in the healthcare sector due to the diversity of opportunities available, including the expansion of the pharmaceutical and medical supplies industry, localization of this vital industry to achieve self-sufficiency, and the growing status of the UAE as a regional and global center for medical tourism due to its geographical location and affordable treatment costs, in addition to rapid transformations in the field of medical innovation and the adoption of robotics, advanced technology, and AI.”

H.E. Abdullah Al Muwaiji affirmed that the Ajman Government attaches great importance to the healthcare sector, in line with the directives and interest of H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, and H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council. As a result, Ajman boasts a comprehensive healthcare infrastructure that includes a range of leading hospitals, facilities, and medical universities at the state and regional levels. The emirate seeks to directly develop investments in the medical and medical tourism sectors.

H.E. Al Muwaiji stated that the medical sector has a direct impact on increasing a country’s gross domestic product, explaining that the healthcare sector in Germany contributes 12% to Germany’s GDP, especially in light of the development of the medical equipment and pharmaceutical industries. He further praised the efforts of the UAE government in developing the performance of the healthcare sector and providing a comprehensive infrastructure, based on the state’s belief that developing investments in healthcare not only contributes to improving quality of life and social welfare but also contributes to the growth of gross domestic product, supports the national economy, attracts healthcare investments, creates new job opportunities, enhances individual productivity, and reduces long-term care costs.

During the Forum, the Chairman of the Ajman Chamber discussed with international officials and investors ways to strengthen trade relations and explore cooperation opportunities in the fields of healthcare and pharmaceutical industries. He presented an overview of investment opportunities in the UAE and Ajman and the facilities provided to investors, in addition to exchanging expertise on the latest healthcare technologies to contribute to the development of the healthcare sector and enhance its position.

His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the number of real estate transactions during the third quarter of this year amounted to 4,009 real estate transactions with a total value of 5.52 billion dirhams, achieving a growth of 22.66% compared to the same period in 2023, while the trading volume exceeded 3.69 billion dirhams out of a total of 3,147 trading transactions.

He added that the “Al Rumaila 3” area witnessed the highest sales value of 100 million dirhams, indicating that 649 mortgage transactions were recorded with a total value of 1.21 billion dirhams, according to statistics included in the quarterly real estate report.

H.E. Al Muhairi explained that the third quarter of 2024 witnessed exceptional activity and achieved record numbers that reflect the direct increase in demand for various types of real estate in the emirate, especially during the month of July, which witnessed 1,468 real estate transactions worth AED 2 billion, confirming the attractiveness and solidity of the real estate sector and its maintenance of its strong performance.

The Director General of the Department of Land and Real Estate Regulation pointed out that the “Emirates City” project topped the list of the most traded major projects, ahead of both the “Ajman 1” and “City Towers” projects, while the “Al Helio 2” neighborhood came at the top of the list of the most traded neighborhoods, followed by “Al Zahia” and “Al Yasmeen”.

During its participation in the Ajman Government pavilion at GITEX Global 2024, the Ajman Chamber launched the “Ajman Investment Platform” to provide an innovative qualitative service that leverages artificial intelligence technologies. The Platform is aimed at providing comprehensive information and promoting investment opportunities in the emirate, thereby supporting the competitive business environment and increasing productivity in alignment with Ajman Vision 2030.

The Platform’s significance lies in its ability to deliver added value to investors through comprehensive data and analytics that facilitate the identification of available investment opportunities, especially given its integration with Ajman Open Data Platform. Moreover, the Platform plays a vital role in business development, productivity enhancement, and the discovery of new domestic and international markets.

It also simplifies access to a list of leading agents and suppliers across various sectors, fostering effective partnerships. H.E. Salem Al Suwaidi, Director-General of the Ajman Chamber, confirmed the Chamber’s keenness to participate annually in the GITEX under the umbrella of the Ajman Government with the aim of showcasing the Chamber’s latest technological projects, strengthening relationships, exploring cooperation opportunities with other participating entities, and staying updated on the latest innovations, best practices, and technological solutions that can be adopted to enhance institutional performance and develop services and initiatives.

This aligns with the Ajman Chamber’s institutional values of leadership, innovation, flexibility, and proactiveness. H.E. Al Suwaidi commended the significance of the “GITEX Global”, which is classified as the largest and most sustainable regional and global technology event, bringing together brilliant minds, innovative thinkers, and leading companies to shape the future of technology and innovation worldwide.

H.E. Fatima Al Awadhi, Director of IT Department at the Ajman Chamber, stated, “The Ajman Government plays a leading role in supporting the participation of government entities in the GITEX Global to ensure the emirate’s position as a sustainable innovation hub that provides a digital service environment, enhancing the quality of government services, facilitating business, and contributing to a better quality of life. During its participation in this edition of the GITEX, the Ajman Chamber seeks to showcase its latest services to support the emirate’s economic development and increase investment opportunities across all sectors.

The Land and Real Estate Regulatory Department in Ajman, the real estate market in the city experienced substantial growth during the first half of 2024. A total of 7,071 transactions were recorded, with a combined value exceeding $2.45 billion (AED 9 billion). This marks a 33% increase compared to the corresponding period in 2023.

Furthermore, from the total transactions, 2,039 transactions were made by citizens, amounting to $811.32 million (AED 2.98 billion), while foreign investors made 5,139 transactions, totalling $1.647 billion (AED 6.048 billion). This demonstrates a remarkable 88% increase in foreign investment.

In the first half of the year, the volume of real estate transactions in Ajman totalled 5,449, amounting to $1.671 billion (AED 6.139 billion). This marked a 37% increase from the previous year. Furthermore, 1,205 mortgage transactions were recorded, with a total value of $489.24 million (AED 1.797 billion) during the same period.

The rental market in Ajman also experienced a notable 49% surge in transaction value in the first half of 2024, reaching $619.93 million (AED 2.277 billion).