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Real estate transactions of 1.75 billion dirhams in Ajman during March 2024

June 13th, 2024 News,Latest News

Real estate transactions of 1.75 billion dirhams in Ajman during March 2024

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The real estate report issued by the Department of Land and Real Estate Regulation in Ajman revealed that 1232 real estate transactions of a total value exceeding 1.75 billion dirhams have been registered during May, with a remarkable growth of 42.5%, compared to last April.

H. E. Engineer Omar bin Omair Al Muhairi, the Director General of the Department of Land and Real Estate Regulation, mentioned that highest sale value was recorded in “Al Jurf Industrial 2” at 157 million dirhams, stressing that the Ajman real estate market achieved record numbers during May and maintained its momentum and upward performance, as the trading volume reached 1.3 billion dirhams out of a total of 1,002 trading processes.

Al Muhairi said that the performance of the real estate sector and the strong indicators recorded since the beginning of this year reflect the solidity and competitiveness of this vital sector and confirm the extent of investors’ confidence and preference for investing in the Emirate of Ajman. This is due to the facilities and support it provides to various segments of investors, thanks to the flexible and integrated business environment and the various attractive factors that meet their needs and live up to their aspirations.

The Director General of the Department of Land and Real Estate Regulation confirmed that May witnessed the registration of 170 mortgage transactions, with a total value exceeding 308 million dirhams, where the highest mortgage value was recorded at 45 million dirhams in the “Al Jurf Industrial 3”.

He added that “Al Yasmeen” district went on top of the list of the most traded neighborhoods, followed by “Al Zahia” and “Al Helio 2”. While “Emirates City” topped the list of the most traded major projects, ahead of both “Ajman One” and “Madina Towers” projects.

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