His Excellency Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the real estate market continued to achieve progressive growth rates and remarkable activity during the month of November 2023, as the Department recorded 1,059 real estate transactions with a total value exceeding 2.2 billion dirhams, achieving a growth of 59% compared to the same period in the year 2022, while the trading volume reached 1.1 billion dirhams out of a total of 809 real estate trading transactions. The highest sales value was recorded in the “Al Helio 2” area at a value of 75 million dirhams.
The Director General of the Department of Land and Real Estate Regulation said that the Ajman Real Estate Index statistics clearly confirm the solidity and activity of the real estate market since the beginning of the year 2023, which reflects the important and prestigious position of the Emirate of Ajman on the real estate investment map, given the many strategic attraction factors, most notably transparency and diversity of investment opportunities and the laws and regulations that preserve the rights of owners and traders, as well as the facilities and incentives available in the emirate.
Al Muhairi explained that the Department recorded 185 mortgage transactions last November with a total value exceeding 1 billion dirhams, with the highest mortgage value of 221 million dirhams recorded in the “Al Rashidiya 1” area, and the “Yasmine” neighborhood came at the top of the list of the most traded neighborhoods, followed by “Al Zahia” and “Al Helio 2” respectively, and the “Emirates City” project topped the list of the most traded major projects, ahead of both the “Madina Towers” and “Ajman One” projects.
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