Sheikh Abdulaziz bin Humaid Al Nuaimi, Head of the Department of Land and Real Estate Regulation in Ajman, said that the results of the real estate sector’s performance during the first quarter of this year translate the visions of the wise leadership and support its efforts and endeavors aimed at advancing the economic system in Ajman and enhancing its competitiveness in various fields, stressing that the number of real estate transactions during the first quarter amounted to 3,839 real estate transactions with a total value estimated at 4.3 billion dirhams, with a significant growth of more than 26.6% compared to the same period in the year 2023.

The head of the Department of Land and Real Estate Regulation explained that the Ajman Real Estate Investment Exhibition, which was held last February, contributed directly and positively to stimulating the performance of the real estate market and the increase in the results of the first quarter, as the exhibition witnessed the conclusion of 336 real estate deals with a total value amounting to 195.8 million dirhams, which reflects the confidence of investors and the attractiveness of the real estate sector in view of the enormous rectifiers and investment potentials that the emirate possesses, its promising projects, and the various investment opportunities it provides to investors.

The statistics contained in the quarterly real estate report issued by the Department of Land and Real Estate Regulation revealed that the volume of real estate trading in Ajman amounted to 2.85 billion dirhams out of a total of 2,845 trading transactions, where 747 mortgage transactions were registered with a total value of 930 million dirhams.

According to the real estate report, “Al Jurf 2” area witnessed the highest sales value at 165 million dirhams, while the highest sale value of real estate development projects in “Al Zorah” was recorded at 2 million dirhams, and “Al Rawda 1” witnessed the highest mortgage value at 20.9 million dirhams.