Media ININ Economy We Trust
Ajman, April 19 / The Department of Lands and Real Estate Regulation in Ajman announced the registration of 855 real estate transactions during the month of March, with a total value of 974 million dirhams, while the total volume of transactions was estimated at 649 million dirhams, as “Al-Amrah” witnessed the highest sales value of 44.5 million dirhams.
His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Lands and Real Estate Regulation, said that the results shown by the monthly real estate report confirm the continuation of the real estate market in Ajman on its upward path, which reflects the confidence of investors and the increase in direct demand for real estate in view of the various investment opportunities that are appropriate to the aspirations and needs of different categories of investors, which is what It is an important factor in attracting more investments to the real estate sector in Ajman.
Al Muhairi indicated that the department recorded 177 mortgage transactions, with a total value of 170 million dirhams, where the highest mortgage value was recorded at 5.6 million dirhams in the “Al Jurf Industrial 3” area, and the “Al Yasmeen” neighborhood came on top of the list of the most heavily traded neighborhoods, followed by “Al Zahia”. And “Al Bahia”, while the “Emirates City” project topped the list of the most traded major projects, ahead of “Ajman One” and “Madina Towers” projects.
