Media ININ Economy We Trust
Ajman, May 9 / The Department of Lands and Real Estate Regulation in Ajman recorded, during the month of April, 579 real estate transactions, with a total value of 771 million dirhams, a growth of 6% compared to the same period last year, while the total volume of transactions amounted to 554 million dirhams, as the “Al Mowaihat 1” neighborhood witnessed The highest selling value is 72 million dirhams.
His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Lands and Real Estate Regulation, said that the data contained in the monthly real estate report confirm that the real estate market in Ajman maintains its momentum and positive levels in view of the increasing volume of real estate investments and the growing direct demand for real estate of all kinds, especially in light of the integrated infrastructure and development. The continuous work witnessed by the work system in various vital sectors.
He added that the department recorded 113 mortgage transactions with a total value of 140 million dirhams, where the highest mortgage value was recorded at 8.8 million dirhams in the “Al Jurf Industrial 1” area, and the “Al Yasmeen” neighborhood came on top of the list of the most heavily traded neighborhoods, followed by “Al Zahia” and “” Al Helio 2, and the “Ajman One” project topped the list of the most actively traded major projects, ahead of the “Emirates City” and “Horizon Towers” projects.
