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1.3 billion dirhams, the volume of real estate transactions in Ajman during January 2022

February 17th, 2022 News

1.3 billion dirhams, the volume of real estate transactions in Ajman during January 2022

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The Department of Land and Real Estate Regulation in Ajman announced the registration of 938 real estate transactions during January of this year, in a total value of 1.3 billion dirhams, a growth of 34% compared to the same period in 2021, and the trading volume reached 806 million dirhams out of a total of 735 real estate transactions, with the highest transaction value recorded in Al-Zawra area, in a value of 29.5 million dirhams.

His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, stressed that the real estate sector in the Emirate of Ajman is witnessing an increasing pace of growth and achieving high performance and positive levels that reflect the confidence of investors and confirm the emirate’s ability to attract more quality investments that support the local economy and contribute to achieving sustainable development.

Al Muhairi explained that the department recorded 93 mortgage transactions in a total value of 363 million dirhams, where the highest mortgage value of 126 million dirhams was recorded in the “Al Rashidiya 3” area, and “Al-Yasmeen” neighborhood came on top of the list of the most traded neighborhoods, followed by “Al-Amrah” and “Al-Jurf Industrial 2” respectively, and the “Horizon A Towers” project topped the list of the most traded projects ahead of the “Ajman One” and “Horizon C Towers” projects.

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