Ajman real estate market soars with Dhs 2 billion in July transactions, up 42.85%

The real estate market in Ajman continues its upward trend, recording 1468 real estate transactions in July with a total value of over Dhs2 billion, a growth of 42.85 per cent year-on-year.

Omar bin Omair Al Muhairi, Director-General of Ajman’s Department of Land and Real Estate Regulation, said that the Emirate of Ajman is witnessing a strong momentum and a remarkable increase in the number and volume of real estate transactions given the diversity of investment opportunities and the attractiveness of the business environment. He noted that the volume of transactions during July reached Dhs1.34 billion, with Al Rashidiya 1 recording the highest sales value of Dhs80 million.

He stated that the department recorded 280 mortgage transactions totalling Dhs489 million, with the highest mortgage value of Dhs75 million recorded in the Ajman Industrial 2 area, explaining that the Al Helio 2 area topped the list of most traded neighbourhoods, followed by Al Zaheya and Al Yasmeen, while Emirates City topped the list of most traded major projects, ahead of Ajman One and City Towers.

WAM