Ajman’s real estate sector experienced significant growth in 2024, with property trading soaring 67% to reach AED 1.44 billion ($392M), according to the Department of Land and Real Estate Regulation.

Omar bin Omair Al Muhairi, Director General of the department, highlighted the sector’s exceptional performance, noting a 44% rise in real estate development transactions, totaling 3,624 deals compared to 2023.

Among the top-performing areas, Al Zorah recorded the highest sales value, reaching AED 6.92M ($1.9M), while the Gold Crest Dream project led the list of most traded developments, followed by Lilies Tower – B and Lavender Tower.

Al Muhairi emphasized that all real estate development projects undergo continuous monitoring and regular field visits to ensure developers and property management companies adhere to quality standards and enhance residents’ living experiences.

Saeed Al Matrooshi, Director of Real Estate Project Management, attributed this market expansion to Ajman’s investor-friendly environment, well-developed infrastructure, and diverse real estate offerings. He also noted that the Al Zorah area recorded the highest mortgage value among all real estate projects.

Ajman’s property market continues to gain traction, reinforcing its appeal as a prime investment destination in the UAE.