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January 15th, 2024 News,Latest News
1.13 Billion Dirhams, the Volume of Real estate Transactions in Ajman during December 2023
The Department of Land and Real Estate Regulation in Ajman announced the registration of 919 real estate transactions during the month of December with a total value amounting to 1.13 billion dirhams, while the total volume of Trades exceeded 797 million dirhams, with “Al Hillah 2” witnessing the highest sales value at 30 million dirhams.
His Excellency Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, confirmed that the Emirate of Ajman is witnessing a growing demand for real estate of various types, thus maintaining its momentum and attractiveness to investors and entrepreneurs, especially due to the safe business environment and promising investment opportunities it provides in light of the continuous development of the infrastructure and availability of exceptional incentives.
Al Muhairi pointed out that the Department recorded 150 mortgage transactions with a total value exceeding 248 million dirhams, with the highest mortgage value recorded at 12 million dirhams in the “Al Rashidiya 1” area, and the “Yasmine” neighborhood came at the top of the list of the most traded neighborhoods, followed by “Al Zahia” and “Helio 2” neighborhood. The “Madina Towers” project also topped the list of the most traded major projects, ahead of both the “Emirates City” and “Ajman One” projects.
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