His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the number of real estate transactions during the past month of October amounted to 1,531 real estate transactions with a total value of 1.83 billion dirhams, a growth exceeding 4.57% compared to the same period in 2023.

He explained that the trading volume amounted to 1.33 billion dirhams out of a total of 1,247 trading transactions, indicating that 188 mortgage transactions were recorded with a total value of 277 million dirhams, as the “Al Jurf Industrial 1” area witnessed the highest mortgage transaction at 10 million dirhams.

Al Muhairi said that the recorded numbers reflect the upward trend in the performance of the real estate sector in Ajman, as the market maintained its positive rates and witnessed exceptional activity in many real estate projects thanks to the diversity of investment opportunities and the increasing direct demand for real estate of various types and across the various regions of the emirate.

The Director General of the Department of Land and Real Estate Regulation pointed out that the “Emirates City” project topped the list of the most traded major projects, ahead of both the “City Towers” and “Ajman 1” projects, while “Al Helio 2” came at the top of the list of the most traded neighborhoods, followed by “Al Zahia” and “Al Yasmeen”. He confirmed that the “Liwara 1” area witnessed the highest sale at 32 million dirhams.