Latest news with #AjmanRealEstateIndex
Arabian Business
31-01-2025
- Business
- Arabian Business
Ajman real estate valuations reach $2.3bn in 2024
Ajman recorded 1,853 real estate valuation transactions in 2024, with a total value exceeding $2.28 billion (AED 8.38 billion). The emirate also recorded 1,512 valuation transactions for investors applying for golden residency, totalling AED 3.82 billion, as per data from the Ajman Real Estate Index. View this post on Instagram A post shared by دائرة الأراضي والتنظيم العقاري (@ajmanre) Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, said the annual statistics reflect the growing demand in Ajman's real estate market and underscore the emirate's appeal to investors and entrepreneurs. He attributed this to the emirate's promising investment opportunities, competitive prices, and high-quality real estate offerings, while providing a secure and stable business environment conducive to diverse investor segments. Al Muhairi said the emirate's commercial property valuations in 2024 accounted for 391 transactions worth AED 5.29 billion. This surpassed the residential property valuations, which amounted to AED 2.12 billion.
Zawya
31-01-2025
- Business
- Zawya
Ajman real estate valuations reach $2.3bln in 2024
AJMAN: The Department of Land and Real Estate Regulation in Ajman recorded 1,853 real estate valuation transactions in 2024, with a total value exceeding AED8.38 billion, according to annual data from the Ajman Real Estate Index. Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, stated in a press release to the Emirates News Agency (WAM) that valuation transactions for real estate development project units amounted to 594 transactions, with a total value of AED361.8 million. He also noted that 1,512 valuation transactions were processed for investors applying for golden residency, totalling AED3.82 billion. Al Muhairi highlighted that the annual statistics reflect the growing demand in Ajman's real estate market and underscore the emirate's appeal to investors and entrepreneurs. He attributed this to Ajman's promising investment opportunities, competitive prices, and high-quality real estate offerings, which align with investors' expectations while providing a secure and stable business environment conducive to diverse investor segments. He further noted that commercial property valuations in 2024 accounted for 391 transactions worth AED5.29 billion, surpassing residential property valuations, which amounted to AED2.12 billion. Industrial properties ranked third, with a total valuation of AED888 million. The annual real estate report also included personal property valuations and assessments conducted for courts and institutions.
Gulf Today
27-01-2025
- Business
- Gulf Today
Realty transactions in Ajman hit Dhs20.5 billion in 2024
The number of real estate transactions in the Emirate of Ajman during 2024 reached 15,125 real estate transactions with a total value exceeding Dhs20.5 billion, reflecting a remarkable growth of 21 per cent compared to 2023. Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Ajman Department of Land and Real Estate Regulation, stated that the exceptional performance of the real estate market over the past year is evidence of the sector's strength and a positive indicator that enhances Ajman's position as a premier investment destination and promises a bright future for the emirate's economy. He emphasised that the recorded figures reflect the visions of the wise leadership and their efforts to enhance the reputation of Ajman's real estate market, which is considered one of the most competitive markets in the world, offering promising opportunities and a comprehensive and attractive investment experience that meets the ambitions and aspirations of investors from all segments. Al Nuaimi explained that the Department of Land and Real Estate Regulation aims to build a promising real estate future that supports economic growth in the Emirate of Ajman, enhances investor confidence, and provides them with an ideal investment environment and a modern, integrated lifestyle. Omar Bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the emirate's real estate market maintained its upward performance and positive figures according to the numbers and statistics shown by the Ajman Real Estate Index. He pointed out that 2024 witnessed the registration of 11,880 trading operations with a total value exceeding Dhs14.37 billion, reflecting a growth of 40 per cent compared to 2023. He clarified that the 'Al Jurf 1' area witnessed the highest sale value of Dhs300 million, while the highest mortgage value of Dhs155 million was recorded in the 'Al Amera' area.
Arabian Business
27-01-2025
- Business
- Arabian Business
Ajman real estate sector saw $5.6bn of transactions last year
Ajman recorded 15,125 real estate transactions last year, with a total value exceeding AED20.5bn ($5.6bn), reflecting a remarkable growth of 21 per cent compared to 2023. Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Ajman Department of Land and Real Estate Regulation, stated that the exceptional performance of the real estate market over the past year is evidence of the sector's strength and a positive indicator that enhances Ajman's position as a premier investment destination and promises a bright future for the emirate's economy. He emphasised that the recorded figures reflect the visions of the wise leadership and their efforts to enhance the reputation of Ajman's real estate market, which is considered one of the most competitive markets in the world. Ajman real estate sector The market offers promising opportunities and a comprehensive and attractive investment experience that meets the ambitions and aspirations of investors from all segments. Al Nuaimi explained that the Department of Land and Real Estate Regulation aims to build a promising real estate future that supports economic growth in Ajman, enhances investor confidence, and provides them with an ideal investment environment and a modern, integrated lifestyle. Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the emirate's real estate market maintained its upward performance and positive figures according to the numbers and statistics shown by the Ajman Real Estate Index. He pointed out that 2024 witnessed the registration of 11,880 trading operations with a total value exceeding AED14.37bn ($3.9bn), reflecting a growth of 40 per cent compared to 2023. He clarified that the 'Al Jurf 1' area witnessed the highest sale value of AED300m ($81.7m), while the highest mortgage value of AED155m ($42.2m) was recorded in the Al Amera area. Al Muhairi stated that the increased activity of the real estate market was expected, considering the rise in investment volume due to supportive incentives and exceptional facilities provided by Ajman to investors, making the real estate sector one of the fastest-growing sectors and a key pillar of the local economy as it is a major contributor to the activity of other vital sectors. He explained that the Eastern sector topped the list of the most traded sectors, ahead of both the Southern and Northern sectors, with the Hay Al Helio 2 at the top of the most traded neighbourhoods list, followed by Al Yasmin and Al Zahia.
