Ajman Real Estate transactions saw a remarkable growth with approx. 7,071 transactions valued at over AED9 billion in the first half of the year 2024. The first half of 2024 saw a 33 per cent increase in comparison to the year 2023 over the same period. As per the details released by The Land and Real Estate Regulatory Department of Ajman the transactions were split up as follows: The 2,039 purchases for citizens, totaling AED 2.98 billion, and the 5,139 transactions for international investors, totaling AED 6.048 billion, depict an impressive 88 percent gain.
Sheikh Abdulaziz bin Humaid Al Nuaimi, the chairman of Ajman’s Department of Land and Real Estate Regulation, pointed out the remarkable achievements of the emirate in different fields. He focused on the direct connection between the real estate industry and Ajman’s growth that is ongoing and its economic advancement, which he further credited to the sincere effort and foresightedness of H.H. Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ajman’s ruler, as well as the conscientious work of H.H. Sheikh Ammar bin Humaid Al Nuaimi, Ajman’s Crown Prince and Chairman of the Ajman Executive Council.
He went on to say that the real estate industry in Ajman has grown significantly in recent years due in part to the emirate’s sophisticated, modern infrastructure, ease of registration, quick transaction completion, availability of facilities and success factors for investors and their projects, and flexible legislative environment that draws in capital. Growth of Real Sector in Ajman shows that investors now believe Ajman to be one of the top destinations for investment purpose.
As per the data collected from the department 5,449 real estate transactions of AED 6.139 billion were completed in Ajman in the first half of the year. Compared to the same time last year, this is a 37% rise. Moreover, 1,205 mortgage transactions of AED 1.797 billion were recorded during the preceding six months.
Few factors that are helping Ajman gain trust of investors are: Prime location above the other Emirates, Laws and Regulations attracting investments, Range of available Real-estate models, & the ease of securing financing for both commercial and residential projects.
Source: Propertynews
