Please ensure Javascript is enabled for purposes of website accessibility Real estate transactions in Ajman amounted to 1.4 billion dirhams during November 2022 - Department of Land and Real Estate Regulation

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Real estate transactions in Ajman amounted to 1.4 billion dirhams during November 2022

December 16th, 2022 News

Real estate transactions in Ajman amounted to 1.4 billion dirhams during November 2022

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The Department of Lands and Real Estate Regulation in Ajman recorded 1121 real estate transactions during the month of November, with a total value of 1.4 billion dirhams, while the total volume of trading amounted to 794 million dirhams, as “Al Jurf 2” witnessed the highest sale, with a value of 23 million dirhams.

His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Lands and Real Estate Regulation, confirmed that real estate transactions in Ajman achieved a growth of 73% compared to October 2022, In order to maintain an upward pace of performance that reflects the vitality of the real estate sector in the Emirate and its attractiveness and suitability for various categories of investors, due to its diverse and highly competitive options compared to other regions.

Al-Muhairi indicated that the department recorded 123 mortgage transactions with a total value of 437 million dirhams, where the highest mortgage value was recorded at 93.5 million dirhams in the “Al-Nakhil 1” area, and the “Al-Zahia” neighborhood came on top of the list of the most heavily traded neighborhoods, followed by “Al-Yasmeen” and the “Al-Bahia”. The “Emirates City” project topped the list of the most traded major projects, ahead of “Ajman Uptown” and “Ajman One” projects.

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