Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the real estate market in the emirate last March witnessed the registration of 1,169 real estate transactions with a total value amounting to 1.46 Billion Dirhams, with a noticeable growth exceeding 49.9% compared to the same period in the year 2023, and the total volume of transactions was estimated. With 1.03 Billion Dirhams, the highest sales value was recorded in “Al Helio 1” at 72 Million Dirhams.
He explained that the real estate sector in Ajman is going through a positive period, and continues to record unprecedented numbers and exceptional performance, highlighting the suitability of Ajman to the aspirations and diverse needs of investors, as the emirate is witnessing a rise in demand for real estate of various types and continuous growth in sales due to the competitive advantages and stimulating investment environment for entrepreneurs and investors.
Al Muhairi pointed out that the department recorded 168 mortgage transactions with a total value exceeding 280 Million Dirhams, with the highest mortgage value recorded at 20.9 Million Dirhams in the “Al Rawda 1” area, and the “Al Yasmeen” neighborhood came at the top of the list of the most traded neighborhoods, followed by “Al Helio 2” and “Al Zahia”, and the “Ajman One” project topped the list of the most popular major projects, ahead of both the “Emirates City” and “City Towers” projects.