Omar bin Omair Al Muhairi: Ajman has succeeded in building a solid base for the advancement of the real estate sector.

The Department of Land and Real Estate Regulation in Ajman announced that the number of real estate transactions amounted to 790 real estate transactions with a total value estimated at 804 million dirhams, while the total volume of real estate transactions amounted to 695 million dirhams.

His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, said that the Emirate of Ajman succeeded in building a solid base for the advancement of the real estate sector within an integrated economic system that serves investors in all sectors, by relying on advanced government work systems and innovative digital solutions that had a great role in reducing the time and efforts for the investors and boosted their confidence, which reflected positively on developing the business environment, increasing the volume of investments and supporting the economy.

The report revealed that the highest pledged value was recorded in “Rumaila 3” at a value of 97 million dirhams, while the highest mortgage value was recorded at a value of 22.7 million dirhams in the “Al Nuaimiya 1” area whereas the “Al Zahya” district came on top of the list of the districts with the highest circulation succeeded by each of “Al Yasmin” and “Al Aliyah” districts, respectively.