Please ensure Javascript is enabled for purposes of website accessibility Transactions of 1.46 billion dirhams in Ajman during March 2024 - Department of Land and Real Estate Regulation

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Transactions of 1.46 billion dirhams in Ajman during March 2024

April 15th, 2024 News,Latest News

Transactions of 1.46 billion dirhams in Ajman during March 2024

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H. E. Engineer Omar bin Omair Al Muhairi, the Director General of the Department of Land and Real Estate Regulation, confirmed that the real estate market had recorded 1169 real estate transactions of 1.46 billion dirhams during last march, with a remarkable growth of 49.9%, compared to the same period of 2023, while the trading volume was estimated at 1.03 billion dirhams. The highest sales value was recorded in “Al Heliow 1” at 72 million dirhams.

He explained that the real estate sector in Ajman is witnessing a positive period and continues to record unprecedented figures and exceptional performance, reflecting the suitability of Ajman to the aspirations and diverse needs of investors. The Emirate is witnessing an increase in demand for real estate of various types and a continuous growth in sales, due to the competitive advantages and motivating investment environment for entrepreneurs and investors.

Al Muhairi stated that the Department recorded 168 mortgage transactions with a total value exceeding 280 million dirhams. The highest mortgage value was recorded at 20.9 million dirhams in “Al Rawda 1” area. While, “Al Yasmeen” district went on top of the list of the most traded neighborhoods, followed by “Al Heliow 2” and “Al Zahya”. “Ajman One” project also topped the list of the most traded major projects, ahead of both “Emirates City” and “City Towers” projects.

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