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1.53 Billion dirhams, the volume of Real estate Transactions in Ajman during January 2024

February 19th, 2024 News,Latest News

1.53 Billion dirhams, the volume of Real estate Transactions in Ajman during January 2024

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63.5% Increase in the volume of Real estate Transactions in Ajman

 

The Department of Land and Real Estate Regulation in Ajman recorded 1,227 real estate transactions during the month of January with a total value amounting to 1.53 billion dirhams, while the trading volume reached 1.05 billion dirhams out of a total of 882 real estate transactions, and the highest sales value was recorded in the “Al Jurf 2” area, with a value of 165.5 million dirhams.

His Excellency Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, said that statistics for the month of January indicated a noticeable growth in the volume of real estate transactions by more than 63.5% compared to the same period of the year 2023, which reflects the quality of the real estate market in Ajman and confirms the positive upward performance, especially in light of the growing demand for real estate investment in various regions of the Emirate, which provides promising investment opportunities and offers exceptional competitive facilities and incentives.

The Director General of the Department of Land and Real Estate Regulation explained that last January witnessed 259 mortgage transactions with a total value amounting to 254 million dirhams, with the highest mortgage value recorded at 12 million dirhams in the “Mohammed bin Zayed 2” area, and the “Yasmeen” neighborhood came at the top of the list of the most traded neighborhoods   followed by “Al Zahia” and “Al Helio 2”, respectively. The “Emirates City” project also topped the list of the most traded major projects, ahead of both the “Ajman One” and “City Towers” projects.

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