JobXDubai

The Ajman real estate market has witnessed a remarkable surge in the first quarter of 2024, with transactions valued at a staggering AED1.92bn ($523m). According to official data, a total of 400 real estate valuation transactions were registered during this period.

Boost from Golden Visa Investors

One of the key drivers of this growth is the increasing popularity of the Golden Visa program among investors. The program, which offers a 10-year residency visa in exchange for a minimum investment in real estate, has attracted significant attention from international investors. In Q1 2024, a total of 277 real estate valuation transactions were registered for Golden Visa investors, with a total value of AED669m ($182m).

Sector-wise Breakdown

Commercial real estate valuation transactions saw a notable increase of 10.34%, reaching a total value exceeding AED1.4bn ($406m). This was followed by residential real estate transactions, valued at AED317.5m ($86m), and industrial real estate transactions, amounting to AED164m ($45m).

Growth Prospects

The Ajman real estate market is expected to maintain its upward trajectory in the coming quarters, driven by the favorable investment environment, diverse attractions, and economic facilities and incentives for entrepreneurs and investors. With its strategic location and business-friendly policies, Ajman is poised to become a hub for real estate investment in the UAE.

This growth in real estate transactions is a testament to the emirate’s attractiveness as a destination for investors seeking high returns on their investments.