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Ajman Golden Visa Investors Drive 69% of Property Valuations After April Reforms

April law enabling pooled property investments drove $48.3m in golden visa valuations during August as investors pursue residency.

Ahmad Abbas

IMI
• Amman

Ajman’s Department of Land and Real Estate Regulation completed 155 property valuations worth $112.7 million in August, formal assessments that investors need to qualify for UAE golden visas through real estate holdings.

Of those valuations, 107 transactions worth $48.3 million tied directly to golden visa applications, demonstrating how April’s legal reforms have redirected the emirate’s property market toward residency-seeking capital.

July had witnessed an even sharper concentration when 195 golden visa-linked valuations reached $354 million, representing 89% of total assessment activity that month. August’s 69% share marks a pullback from that peak but confirms residency permit applications as the core driver of Ajman’s valuation sector.

Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation, confirmed the transactions spanned personal valuations, court and institutional requests, and assessments for the UAE’s 10-year golden visa program.

Residential properties commanded $45.7 million in August valuations, while commercial assets reached $43.2 million.

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April reforms deliver targeted growth

Sheikh Humaid bin Rashid Al Nuaimi issued Law No. (1) of 2025 in April, establishing a real estate contribution system that allows multiple investors to pool capital into joint development projects.

The legislation created a centralized register that the Department of Land and Real Estate Regulation maintains to document developer information, investor ownership shares, and project specifications.

The law applies to three property categories in designated areas: undeveloped land for joint projects, dilapidated buildings for redevelopment, and under-construction projects, for which the contribution system will be available. The department oversees initial approvals to licensed real estate offices and supervises all contribution-related activity.

Sheikh Humaid bin Rashid Al Nuaimi (right)

July’s 273% month-over-month surge in golden visa valuations captured investors racing to position assets for residency eligibility under the new framework. August’s decline to $48.3 million indicates the market has absorbed the initial rush and entered a more measured growth phase.

The contribution system allows investors to meet the golden visa’s AED2 million ($544,588) property investment threshold through joint projects rather than requiring full individual purchases.

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This lowers the capital barrier for residency seekers while preserving the program’s minimum requirements. The UAE eliminated the AED1 million dirham down payment requirement in early 2024, contributing to broader growth in residency-linked property investment across the country and a doubling of golden visa approvals..

Ajman recorded $3.38 billion in total real estate transactions during the first half of 2025, up 37% year-over-year. The emirate’s business licensing data shows parallel expansion, as professional licenses rose 37% and new investors increased 24% in H1 2025.

Broader real estate market activity in August reached $517 million across 1,389 deals, marking 21% year-over-year growth despite the month-over-month decline from July’s $884.8 million peak.

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