Ajman’s real estate operations reach 1.3 during the first quarter of 2019

07-05-2019 Media in\ Abu-dhabi

The Real Estate Department’s report in Ajman revealed that the value of real estate transactions during the first quarter of this year amounted to about 1.3 billion dirhams, which is a positive indicator that reflects the situation of the real estate market and its attractiveness to local and foreign investments estimated at 165 investment operations during the first quarter of 2019.

The Director General of Land Department said that a remarkable development of the real estate market in the emirate is due to the ideal investment environment provided by the Government of Ajman.

He further explained that the department completed 1206 transactions and 947 pledges by the end of March, recording 408 transactions with total mortgages amounting to 1.4 billion dirhams. Al-Yasmeen, Rashidiya and Safwat 1 neighborhoods are the most traded quarters during the first three months of this year.