Please ensure Javascript is enabled for purposes of website accessibility 1.23 Billion Dirhams, the Volume of Real Estate Transactions in Ajman during April 2024 - Department of Land and Real Estate Regulation

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1.23 Billion Dirhams, the Volume of Real Estate Transactions in Ajman during April 2024

May 8th, 2024 News,Latest News

1.23 Billion Dirhams, the Volume of Real Estate Transactions in Ajman during April 2024

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Real estate transactions in Ajman witnessed a record growth of 59% during last April compared to the same period in 2023, according to the results of the Ajman Real Estate Index, which confirmed the registration of 701 real estate transactions with a total value amounting to 1.23 billion dirhams.

His Excellency Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, said that the total volume of trades during the month of April exceeded 728 million dirhams, as the “Al Rashidiya 3” neighborhood witnessed the highest sales value of 109.2 million dirhams, stressing that the data contained in the real estate report reflects the positive and progressive performance of Ajman real estate market which maintained its attractiveness and continued to achieve record numbers in view of the diversity of investment opportunities and the increasing volume of direct demand for various types of real estate.

He pointed out that the Department recorded 121 mortgage transactions with a total value of 314 million dirhams, with the highest mortgage value recorded at 155 million dirhams in the “Amrah” area.  The “Yasmeen” neighborhood came at the top of the list of the most traded neighborhoods, followed by “Al Zahia” and “Al Helio 2.” The “Emirates City” project, as well, topped the list of the most widely traded major projects, ahead of both the “Madina Towers” and “Ajman One” projects.

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