According to the latest report from the Ajman Real Estate Regulatory Agency, the total value of real estate transactions in September was significantly higher than the AED 1.94 billion recorded in the same month in 2024. The agency attributes the growth to a combination of factors, including the strengthening of the local economy, an influx of new residents, and the increasing appeal of Ajman as a real estate investment destination.
The residential sector led the charge, with the highest number of transactions taking place in the sale of villas and apartments. These sectors have been buoyed by ongoing infrastructure development projects, improved public services, and affordable property prices compared to neighbouring emirates. The market’s diverse offerings, including luxury villas, mid-range apartments, and affordable housing units, have attracted both local and international investors.
Notably, the commercial real estate segment also experienced significant activity. Commercial properties, including office spaces and retail outlets, have gained momentum as businesses continue to expand and establish a presence in Ajman. The ease of doing business in the Emirate, alongside the competitive rental rates, has positioned Ajman as a viable alternative to more established business hubs like Dubai and Abu Dhabi.
Another contributing factor to the surge in transactions is Ajman’s strategic location. Its proximity to key economic hubs, including Dubai and Sharjah, has enhanced its attractiveness. The emirate’s efforts to diversify its economy, focusing on sectors such as tourism, retail, and manufacturing, have also played a vital role in stimulating demand for both residential and commercial real estate.
The government’s pro-business policies have had a considerable impact on the property market. Ajman’s introduction of attractive incentives for foreign investors, including long-term visas and easy ownership laws, has opened up opportunities for international buyers. These measures are seen as a significant step in diversifying the real estate sector and attracting global capital to Ajman.
A growing middle-class population, coupled with the UAE’s ongoing focus on promoting domestic tourism, has contributed to the increase in property demand. Ajman’s affordable real estate options have resonated well with investors seeking higher yields in comparison to other emirates. The availability of land for development has further strengthened the competitive advantage of Ajman’s real estate market.
The emirate's real estate landscape has been further enhanced by ongoing infrastructural developments, such as new residential projects, shopping malls, and recreational facilities. These projects are expected to continue driving growth in the property market, ensuring that the trend seen in September is not a one-off. With a steady pipeline of new developments, the outlook for Ajman’s real estate sector remains positive.
Topics
UAE