The value of real estate transactions in Ajman totaled over AED 7.17 bn in the first half (H1) of 2023, up 15.6% from the same period last year, according to the Emirate’s Department of Lands and Real Estate Regulation, Invest-Gate reports.

Department Director General Omar Al Muhairi said the total number of deals was 5,310 worth, adding that trading made up AED 4.57 bn across 3,980 transactions, while 972 were mortgages valued at AED 1.55 bn.

Al Muhairi attributed the positive performance to rising demand and ongoing investment in Ajman real estate projects. This May saw a record AED 1.9 bn in deals, up 133% year-over-year.

The Ajman One development topped traded major projects, ahead of Emirates City and Corniche Residence. Al Yasmeen was the most active district, followed by Al Zahia and Manama 13. Al Mowaihat 1 saw the highest individual sales at AED 72 mn.

The data indicates the Ajman market retains strong momentum amid broader UAE property growth, Al Muhairi noted. The Emirates offers affordable options that continue attracting buyers and developers.