The Department of Land and Real Estate Regulation in Ajman announced, through its monthly real estate report, the registration of 1,055 real estate transactions during the month of last September, with a total value amounting to 1.6 billion dirhams, achieving a growth of 60% compared to the same period in the year 2022, while the trading volume exceeded 983 million dirhams out of the total 834 trading transactions, with “Al Zahia” area witnessing the highest sales value at 79.5 million dirhams.

His Excellency Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, confirmed that the record results achieved by the real estate sector highlight the strength of the economic performance in the emirate and reflect the confidence that Ajman enjoys among investors thanks to the supportive environment for business and the continuous development of infrastructure, which boosts its position as a major destination for investors under the environment supporting  business and the laws encouraging and stimulating investment.

Al Muhairi explained that the Department recorded 138 mortgage transactions last September with a total value exceeding 444 million dirhams, with the highest mortgage value recorded at 95.4 million dirhams in the “Alia” area, and “Al Zahia” neighborhood came at the top of the list of the most traded neighborhoods, followed by “Al Yasmeen.” and “Al Helio 2” respectively, and the “Madina Towers” project topped the list of the most traded  major projects, ahead of both the “Emirates City” and “Ajman One” projects.