Construction Ajman real estate deals rise 21% to $5.6bn in 2024 By Pramod Kumar January 28, 2025, 8:56 AM Wam 15,125 real estate transactions took place in Ajman during 2024 The value of real estate transactions in the northern emirate Ajman exceeded AED20.5 billion ($5.6 billion) in 2024, rising 21 percent year on year, according to official data. Some 15,125 real estate transactions took place, the UAE’s state-run Wam news agency reported. Omar bin Omair Al Muhairi, director-general of the Department of Land and Real Estate Regulation in Ajman, said increased activity in the real estate market was expected, given the rise in investment volume amid supportive incentives and high-quality facilities. The highest sale value of AED300 million ($81 million) was in the Al Jurf 1 area, while the highest mortgage value of AED155 million ($42 million) was recorded in the Al Amera area. Ajman real estate is reaching saturation point Ajman property deals rise 16% as economy rebounds Ajman sees 7% rise in hotel revenues amid tourism surge Hay Al Helio 2 was the most traded neighbourhood, followed by Al Yasmin and Al Zahia. Covering 259 sq km, Ajman is the smallest of the seven emirates that make up the UAE, with a population of around half a million residents. This week the Dubai Land Department said the value of real estate transactions in Dubai surged 20 percent year on year to AED761 billion ($207 billion) in 2024.