Ajman’s realty deals hit Dhs1.5b

Omar Bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, said that real estate transactions in August achieved a significant growth of 61.5 per cent compared to the same period in 2022, totalling more than Dhs1.5 billion while trading volume reached Dhs665 million.

Al Muhairi noted that the Al Helio 2 area witnessed the highest transaction value at Dhs40 million, stressing that the positive performance of the real estate market and the exceptional figures recorded underscore the attractiveness of real estate investments in Ajman, especially in light of the growing demand for properties of all categories and price ranges from investors seeking comprehensive investment opportunities and a modern and comfortable lifestyle.

The department recorded 199 mortgage transactions in the past month with a total value of Dhs741 million, with the highest mortgage value of Dhs98.5 million being in Al Amerah, he added.

Regarding the list of the most popular neighbourhoods in August, Al Muhairi stated that Al Yasmeen topped the list, followed by Al Zahya and Al Helio 2. Furthermore, the Emirates City project ranked as the most traded major project, surpassing both the Ajman One and City Towers projects, he further added.

The Ajman real estate sector has seen significant gains, with Dhs1.4 billion of transactions in July, according to official figures.

Omar Bin Omair Al Muhairi said that real estate transactions during July 2023 recorded a growth of 52 per cent compared to the same period in 2022.

July witnessed the registration of 948 real estate transactions with a total value of Dhs1.4bn, while the total trading volume was estimated at Dhs1.03 billion, and “Al Nakhil 2” recorded the highest sales value at Dhs136 million, he added.

Al Muhairi stressed that the real estate market in the emirate continued its upward trajectory, recording exceptional figures due to its ideal investment advantages and its attractive and encouraging business environment for investors.