Ajman real estate market experienced remarkable growth in 2024. Trading in real estate development projects reached AED 1.44 billion, showing a 67% increase compared to 2023, according to the annual Real Estate Report by the Department of Land and Real Estate Regulation.
Omar bin Omair Al Muhairi, Director General of the Department, highlighted the market’s exceptional performance. He reported 3,624 trading operations, reflecting a 44% rise from the previous year. This significant increase demonstrates the growing demand for real estate in Ajman.
Moreover, the Al Zorah area recorded the highest sales value in real estate development projects at AED 6.92 million. Notably, the “Gold Crest Dream” project led the list of most-traded developments. It was followed by “Lilies Tower – B” and “Lavender Tower.”
In addition, Al Muhairi emphasized that real estate development projects undergo continuous monitoring. Regular field inspections ensure that developers and management companies comply with regulations. This approach aims to enhance residents’ comfort and improve the quality of life in residential complexes.
Meanwhile, Saeed Al Matrooshi, Director of Real Estate Project Management, attributed the market’s strong performance to Ajman’s advanced infrastructure. He also mentioned that diverse investment opportunities continue to attract both local and international investors. Importantly, he noted that Al Zorah recorded the highest mortgage value in real estate development projects.
Overall, the sustained growth underscores Ajman’s appeal as a thriving real estate hub. With modern infrastructure and promising investment prospects, the emirate remains a preferred destination for investors.
