Ajman realty transactions reach Dhs2.28 billion

Real estate transactions in Ajman totalled Dhs2.28 billion in December 2024, marking a record growth of 102 percent compared to the same period in 2023, according to the Real Estate Report issued by the Department of Land and Real Estate Regulation.

Omar Bin Omair Al Muhairi, Directo-General of the Department, stated that the number of real estate transactions in December 2024 reached 1,169, including 935 property trades valued at over Dhs1.86 billion. He noted that Al Jurf 1 recorded the highest property sale at Dhs300 million. Al Muhairi highlighted that Ajman’s real estate market is experiencing unprecedented growth, achieving record figures that reflect the sector’s quality, the diversity of investment opportunities, and its appeal to investors across various segments.

The emirate’s unique advantages and high competitiveness make it an attractive destination for business and investment.

The report also revealed 148 mortgage transactions in December 2024, with a total value exceeding Dhs252.8 million.

The highest mortgage value, Dhs11.2 million, was recorded in the Al Jurf Industrial 3 area.

Earlier Sheikh Humaid Bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has approved the Ajman Government’s 2025 general budget worth Dhs3.7 billion.

The move aims to support the emirate’s development plans, enhance community well-being, meet public needs, and strengthen Ajman’s stature as a preferred destination for living, working, and tourism.

The budget focuses on community development, public safety, infrastructure projects, community facilities, economic development plans, investment attraction, environmental protection, sustainability initiatives, and improving government services. It also supports the digital transformation to benefit citizens, residents, and visitors.