In October 2023, the real estate market in Ajman experienced significant activity, recording a total of 1,140 transactions valued at an impressive 1.95 billion dirhams. This strong performance reflects the increasing demand for various types of property and highlights the keen interest investors have in capitalising on the available opportunities throughout the emirate.
Transaction Insights
According to Engineer Omar Bin Omeir Al Mehrezi, the Director-General of the Land and Real Estate Regulatory Authority, the total trading volume reached 1.22 billion dirhams through 900 transactions. Notably, the Al Zawra area achieved the highest sale, amounting to 36.3 million dirhams, while the top sale for development projects was recorded at three million dirhams for the “Ajman One” project.
Mortgage Activity
October also saw 139 mortgage transactions, totalling 373 million dirhams. The Industrial Area 2 of Al Jurf led the mortgage sector with a notable transaction valued at 31.4 million dirhams.
Leading Projects and Areas
In terms of project activity, “Emirates City” emerged as the most traded project, surpassing both “City Towers” and “Ajman One” in transactional volume. Among the most active neighbourhoods, “Al Hilo 2” took the lead, followed by “Al Manama 14” and “Al Hilo 1.” This upsurge in real estate activities underscores Ajman’s growing appeal as a dynamic investment destination.