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- AED 6.2 billion Is the Volume of Real Estate Transactions in Ajman During the First Half of 2022
AED 6.2 billion Is the Volume of Real Estate Transactions in Ajman During the First Half of 2022
The real estate report issued by the Department of Land and Real Estate Regulation in Ajman revealed that the number of real estate transactions during the first half of this year amounted to 5,428 real estate transactions with a total value of AED 6.2 billion, achieving a growth of 8.7% compared to the same period in 2021, while the volume of trading reached AED 4.18 billion out of a total of 4,358 trade transactions. The report also indicated that 688 mortgage operations were recorded, with a total value of AED 1.6 billion.
His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, said that the Ajman real estate market enjoyed good growth rates and achieved a remarkable recovery compared to the first half of the last year, given the increasing volume of real estate investments in the emirate and the diversity of promising opportunities in the real estate sector, which has distinct characteristics and ingredients which meet the requirements of different segments and allows them to achieve the desired returns from the real estate investment process.
Al Muhairi also stressed that the Emirate of Ajman has succeeded in enhancing its advanced position on the real estate map locally and regionally and is moving steadily towards achieving its desired strategic goals and ambitious vision aiming at achieving sustainable leadership at the level of various economic sectors, especially the real estate sector, which continues to achieve positive upward numbers.
Al Muhairi indicated that the “Emirates City” project topped the list of the most trading projects, ahead of the “Ajman (1)” and “Ajman Pearl” projects. Al-Yasmeen neighborhood came on top of the list of the most traded neighborhoods, followed by “Al-Zahia” and “Masfout 3”.