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1.5 Billion Dirhams, the total value of real estate transations in Ajman during July

July 25th, 2021 News

1.5 Billion Dirhams, the total value of real estate transations in Ajman during July

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His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulatory, confirmed that the real estate market in the Emirate of Ajman continues its recovery and activity in light of the encouraging investment elements, the progress of infrastructure and the ease of doing business, which enhanced investor confidence and directly contributed to stimulating the local economy and revitalizing the investment environment in various sectors, especially the real estate sector, which witnessed a remarkable growth during June. The value of real estate transactions amounted to 1.5 billion dirhams, while the total volume of trades amounted to 682 million dirhams, with 698 transactions.

The report revealed that the Department of Land and Real Estate Regulation completed 1911 transactions during June. 139 mortgage transactions were recorded. The northern sector witnessed the registration of the highest mortgage value of 33.2 million dirhams, while the highest sale value was recorded at 12 million dirhams in the “Al Mowaihat 2” area. Al-Yasmeen neighborhood maintained its activity topping the list of the most traded neighborhoods, followed by “Al Zahia” and “Al Jurf Industrial Area 3”.

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