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- 5.7 billion dirhams, the volume of real estate transactions in Ajman during the first half of 2021
5.7 billion dirhams, the volume of real estate transactions in Ajman during the first half of 2021
The real estate statistics issued by the Department of Land and Real Estate Regulatory in Ajman revealed that the value of real estate transactions amounted to 5.7 billion dirhams during the first half of this year, while the volume of trading amounted to 2.99 billion dirhams out of a total of 3,026 transactions with an estimated growth rate of 91.7% compared to the same period of the year 2020, which witnessed the registration of 1578 trading transactions. The Department succeeded during the same period in completing 10,423 transactions, with a growth of 72.4% compared to 6,045 transactions completed during the same period of 2020.
His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, explained that these figures and statistics confirm the solidity of the real estate market in the Emirate of Ajman, which has maintained its competitiveness and witnessed a remarkable recovery since the beginning of this year given the available investment opportunities and facilities provided by the government to businessmen and investors, as well as the level of quality of government services provided, and the speed and ease of completing transactions.
Al Muhairi also stressed that the Ajman government’s quick and positive response to the repercussions of the Corona pandemic through the supportive economic packages that boosted investor confidence and effectively contributed to the real estate market in Ajman adapting to the changes imposed by the pandemic.