Ajman Real Estate Boom: Transactions totaling $196 million indicate growth
Learn how Ajman’s real estate market exploded in February with $196 million in transactions, indicating notable expansion and UAE investment potential.
By Vadim Kouznetsov, published
The Department of Land and Real Estate Regulation reports transactions over $196 million in February alone, demonstrating the robust status of the Ajman real estate market. The department’s Director-General, Eng. Omar bin Omair Al Muhairi, credits the achievement to the ongoing momentum and increasing demand in every category of real estate in Ajman.
From January to February, the emirate’s commercial property value increased by an astounding 44.7%, with commercial assets leading the way at $155 million. The next most valued properties were residential (26.7.6 million) and industrial ($12.3 million). This real estate investment diversification emphasises Ajman’s increasing allure and competitive advantage.
In addition, the investor-targeted golden residence homes saw a 115% rise in values from January, with 102 sales totaling $93 million. This increase highlights the growing demand for Ajman real estate due to the city’s many benefits and attractions.
The strong success of Ajman’s real estate market portends a bright future for the emirate, with rising demand and investment.
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