A new law applicable to the emirate of Ajman has been launched to supplement the property sector with more investment entry all over the country. Issued by Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman and Member of the UAE Supreme Council, this law is aimed at inciting real estate activity and protecting the rights of investors.

Focus on Transparency and Investor Protection

According to the Ajman Media Office, the law has placed emphasis on transparency and investor protection. This rule also applies to real estate assets that exist only within specific areas designated by a special decree from the Ruler. This is where vacant lots, buildings still under construction, buildings in shambles for reconstruction, and those considered built through land real estate contributions are basically included.

Adding Wings to the Growth of the Sector across the UAE

The UAE continues to see a growing property market, buoyed by government initiatives such as golden visas, retirement, remote work residency programs, and economic diversification that has served to alienate itself from oil.

Strong Market Performance for Ajman in 2024

In 2024, Ajman had property transactions totalling AED20.5 billion, which is a significant increase of 21% from last year's figures. A total of 15,125 real estate deals were recorded, with the biggest sale at AED 300 million at Al Jurf 1. This makes Ajman even more attractive as a future investment location within the UAE.

National Trends Reflect Market Confidence

The real estate boom in Ajman is similar to the patterns noted in other emirates. Dubai's AED 761 billion worth of property deals in 2024 increased by 20 % from the previous year, while its neighbour in the capital, Abu Dhabi, did AED 96.2 billion in real estate transactions. All these reflect a national appetite for property investments.