The real estate report of the Department of Land and Real Estate Regulation in Ajman revealed that 1,684 real estate transactions have been registered during last October with a total value exceeding 2.37 billion dirhams, which is a remarkable growth of 30% compared to the same period in the previous year.

H.E. Eng. Omar bin Omair Al Muhairi, the Director General of the Department of Land and Real Estate Regulation, said that Ajman real estate market has achieved record numbers and maintained its momentum and upward performance, as the trading volume reached 1.55 billion dirhams out of a total of 1,358 transactions, stating that “Al Manama 13” recorded the highest sales value of 30 million dirhams.

He added that the performance of the real estate sector and the strong indicators recorded since the beginning of this year reflect the strength and competitiveness of this vital sector, and underscore the investors’ confidence and preference for investing in the Emirate of Ajman.

He indicated that, during October, the Department recorded 223 mortgage transactions with a total value of more than 519.7 million dirhams, while the highest mortgage value was recorded in “Industrial 1”.

He also said that “Al Helio 2” topped the list of the most actively traded major projects, followed “Al Helio 1” and “Al Yasmeen”. While, the Emirates City” project went on top of the list of the most traded neighborhoods, ahead of Ajman One” and “Madina Towers” projects.