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October 23rd, 2024 News,Latest News
5.52 Billion Dirhams is the Volume of Real Estate Transactions in Ajman during the Third Quarter of 2024
His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the number of real estate transactions during the third quarter of this year amounted to 4,009 real estate transactions with a total value of 5.52 billion dirhams, achieving a growth of 22.66% compared to the same period in 2023, while the trading volume exceeded 3.69 billion dirhams out of a total of 3,147 trading transactions.
He added that the “Al Rumaila 3” area witnessed the highest sales value of 100 million dirhams, indicating that 649 mortgage transactions were recorded with a total value of 1.21 billion dirhams, according to statistics included in the quarterly real estate report.
Al Muhairi explained that the third quarter of 2024 witnessed exceptional activity and achieved record numbers that reflect the direct increase in demand for various types of real estate in the emirate, especially during the month of July, which witnessed 1,468 real estate transactions worth AED 2 billion, confirming the attractiveness and solidity of the real estate sector and its maintenance of its strong performance.
The Director General of the Department of Land and Real Estate Regulation pointed out that the “Emirates City” project topped the list of the most traded major projects, ahead of both the “Ajman 1” and “City Towers” projects, while the “Al Helio 2” neighborhood came at the top of the list of the most traded neighborhoods, followed by “Al Zahia” and “Al Yasmeen”.
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