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926 Million Dirhams, the Volume of Real Estate Transactions in Ajman during the month of July

August 9th, 2022 News

926 Million Dirhams, the Volume of Real Estate Transactions in Ajman during the month of July

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His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, revealed that the department witnessed the registration of 716 real estate transactions during the month of July, with a total value of 926 million dirhams, while the total volume of trading amounted to 578 million dirhams out of a total of 583 transactions. Al Rashidiya 1 witnessed the highest selling value of 107 million dirhams.

Al Muhairi affirmed that real estate investments recorded increasing rates and positive figures that reflect the strength and solidity of the real estate sector in Ajman, given its various components and attracting factors that encourage local and international investors and enhance their confidence in the economic climate in the Emirate.

The Director-General of the Department of Land and Real Estate Regulation indicated that 95 mortgage transactions were registered with a total of 249 million dirhams, where the highest mortgage value was recorded in the “Al-Taleh 2” area with 83 million dirhams. “Al-Yasmeen” neighborhood came on top of the list of the most traded neighborhoods, followed by “Al-Zahia” and “Masfout 3”.

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