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).