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Ajman Real Estate Dispositions of AED 1.3 billion in Q1 2019

July 16th, 2019 News

Ajman Real Estate Dispositions of AED 1.3 billion in Q1 2019

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The real estate report issued by the Department of Land and Real Estate Regulation in Ajman stated that the value of real estate dispositions amounted to AED 1.3 billion in the Q1 this year which is a positive index that reflects the status of the real estate market and that it is a true destination for the local and foreign investments, with about 165 investment operations in Q1 of 2019.

HH Abdulaziz Bin Nasser Al Nuaimi, actingDirector General of Department of Land and Real Estate Regulation stated that the notable development in the real estate market in the Emirate is mainly attributed to the ideal investment environment provided by Ajman government which ranked Ajman the first in the Arab World and the fifth in the entire world in facilitating business regarding the axis of real estate registrationaccording to the World Bank Report 2019.
Al Nuaimi explained that by the end of last March, the Department has completed 1206 transactions, and 947 sales in addition to the registration of 408 mortgage, so the total size of mortgage reached AED 1.4 billion, assuring that the neighborhoods of Al Yasmeen, Al Rashidiyah and Masfout were the ones which witnessed the highest transactions within the first three months this year.

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