We told you over a year ago that Ajman is the new emirate in which to invest. The runner-up, up Ajman is productively connected with the rise of Dubai. The larger Dubai becomes, the larger and more important Ajman will become. Companies are settling and expanding at a rapid pace. This allows investors like family offices or FDIs to step in now for a relatively low price and ensure that the property is rented. Would you like us to remind you that rental income in UAE is tax-free? But it’s not only Ajman commercial real estate that’s on the rise. Also, new residential real estate projects are being developed.
Ajman-based G J Properties is gearing up to introduce eight new developments in Dubai and Ajman within the next 24 months, according to CEO Ali Jaber in an interview with Zawya Projects. These initiatives will primarily cater to the medium-to-high-end luxury market, balancing affordability and upscale living.
Ajman keeps Emerging as a Top UAE Real Estate Contender
The company’s upcoming projects are set to deliver approximately 3,000 new units to the market. “We’re carefully designing each development to offer a variety of unit sizes and layouts, ensuring they meet the diverse preferences of both homebuyers and investors,” Jaber explained.
Following last month’s announcement, the private developer plans to channel AED 4 billion ($1.1 billion) into projects across the UAE in 2025 and 2026. “Next year’s investment will be twice what we’re currently committing,” Jaber noted, though he kept the specifics of the budget allocation under wraps.
Ajman remains the company’s core focus. “It’s our home base, and we see tremendous growth potential here,” Jaber emphasized. This confidence is backed by recent data from the state-owned WAM news agency, citing Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Ajman Department of Land and Real Estate Regulation. In 2024, Ajman recorded 15,125 real estate transactions worth nearly AED 21 billion—a 21% jump from the previous year. December 2024 alone saw transactions soar to AED 2.3 billion, double the figure from December 2023.
Why invest in Ajman is Emerging as a Top UAE Real Estate Contender:
- Surging Transaction Volume: Ajman’s 15,125 real estate deals in 2024 reflect a 21% year-on-year increase, signaling strong market momentum.
- Skyrocketing Value: The emirate’s property transactions hit AED 21 billion in 2024, with December alone reaching AED 2.3 billion—twice the value of the prior year.
- Developer Confidence: G J Properties’ focus on Ajman, backed by a AED 4 billion investment plan, underscores the emirate’s appeal as a growth hub.
- Affordable Luxury Appeal: New projects targeting the medium-to-high-end segment offer a unique mix of premium living at accessible price points, drawing both buyers and investors.
- Strategic Growth Potential: With its home-ground advantage, Ajman is poised to capitalize on rising demand and untapped opportunities in the UAE real estate landscape.
We partner in Quest Invest Realty, a commercial real estate consultancy based in Ajman that helps family offices and private investors set up profitable commercial real estate portfolios. Please feel free to ask us here or in Ajman to set up a first Zoom meeting.
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