3.4 billion dirhams, the volume of real estate transactions in Ajman during the first quarter

Ajman, April 26 / The volume of real estate transactions in Ajman during the first quarter of the year 2023 amounted to 3.4 billion dirhams. His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Lands and Real Estate Regulation in Ajman, said that the number of real estate transactions during the first quarter of this year amounted to 2630, with a growth rate of 6.25% compared to the same period in the year 2022 .. while the volume of trading amounted to 1.87 billion dirhams out of a total of 1859. trading process.

Al-Muhairi explained that the quarterly real estate transaction report recorded 555 mortgage transactions at a value of 761 million dirhams during the same period, while the real estate sector in Ajman maintained its positive rates and achieved exceptional results thanks to the diversity of investment opportunities and the increasing demand for real estate, especially during the month of February. The value of real estate transactions amounted to 1.4. One billion dirhams, a growth of 34% compared to last January. He attributed this to the direct impact of the Ajman Real Estate Investment Exhibition, which witnessed the conclusion of 75 real estate transactions with a total value of 44.2 million dirhams over the three days of the exhibition.

Al Muhairi pointed out that the “Emirates City” project topped the list of the most actively traded major projects, ahead of “Ajman 1” and “Horizon Towers” projects. “Al Yasmeen neighborhood” came at the top of the list of the most actively traded neighborhoods, followed by “Al Zahia” and “” Al-Bahia, while the “Al-Helio 2” area witnessed the highest sale value, at 65 million dirhams.