Real estate transactions in Ajman exceed 7.17 billion dirhams during the first half, with a growth of 15.6%

Ajman on the 22nd of August

The value of real estate transactions in Ajman exceeded 7.17 billion dirhams during the first half of this year, achieving a growth of 15.6% compared to the same period in 2022, according to the statistics contained in the real estate report issued by the Department of Lands and Real Estate Regulation.

His Excellency Engineer Omar bin Omair Al Muhairi, Director General of the Department of Lands and Real Estate Regulation, confirmed that the number of real estate transactions during the first half of this year amounted to 5310 real estate transactions, with a total value of more than 7.17 billion dirhams, while the volume of trading amounted to 4.57 billion dirhams out of a total of 3980 transactions, indicating that 972 transactions were recorded. A mortgage of 1.55 billion dirhams.

Al Muhairi explained that the real estate sector in Ajman has maintained its momentum, achieving positive rates and exceptional rising numbers as a result of the increasing demand for real estate and the continued flow of investments in various real estate projects in the emirate, noting that last May witnessed achieving the highest value of real estate transactions with a total of 1.9 billion dirhams, with a growth exceeding 133%. compared to the same month of the year 2022.

He added that the “Ajman One” project topped the list of the most actively traded major projects ahead of the “Emirates City” and “Corniche Residence” projects, and “Al Yasmeen neighborhood” came at the top of the list of the most traded neighborhoods, followed by “Al Zahia” and “Manama 13”. And the “Al Mowaihat 1” area witnessed the highest sale value, at 72 million dirhams.