1.02 billion dirhams, the volume of real estate transactions in Ajman during January

Ajman, February 18 / The Department of Lands and Real Estate Regulation in Ajman witnessed remarkable activity during the month of January, during which 961 real estate transactions were recorded, with a total value of 1.02 billion dirhams.. while the trading volume amounted to 640 million dirhams out of a total of 712 real estate transactions.

His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department, said that the highest sale value was recorded in the “Al Helio 2” area, with a value of 35 million dirhams. He stressed that the positive performance of the real estate market and the numbers recorded since the beginning of 2023 reflect the confidence of investors and the attractiveness and competitiveness of the real estate sector in Ajman, which It continues steadily to achieve upward growth rates, which has made it a target for entrepreneurs and a preferred destination for local and international investors, especially in light of the many facilities, incentives and attractions available in the emirate.

Al-Muhairi explained that the department recorded, during the month of January, 199 mortgage transactions with a total value of 270 million dirhams, and the highest mortgage value of 48.4 million dirhams was recorded in the “Industrial 2” area. “Al-Zahiyah” neighborhood came at the top of the list of the most heavily traded neighborhoods, followed by: “Al Yasmeen” and “Al Bahia” respectively.

While the “Ajman One” project topped the list of the most traded major projects, ahead of the “Emirates City” and “Horizon Towers” projects.