The real estate market in Ajman continues its upward trend, as it recorded 1,468 real estate transactions during the month of July, with a total value exceeding 2 billion dirhams, with a growth of 42.85% compared to the same period in 2023.
Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, confirmed that the Emirate of Ajman is witnessing strong momentum and a noticeable increase in the number and size of real estate transactions, given the diversity of investment opportunities and the attractiveness of the business environment. He pointed out that the volume of transactions during the month of July amounted to 1.34 billion dirhams, with “Al Rashidiya 1” recording the highest sale value of 80 million dirhams.
He pointed out that the department recorded 280 mortgage transactions with a total value of AED 489 million, where the highest mortgage value was recorded at AED 75 million in the “Industrial 2” area, explaining that the “Al Helio 2” neighborhood came at the top of the list of the most traded neighborhoods, followed by “Al Zahia” and “Al Yasmeen”, while the “Emirates City” project topped the list of the most traded main projects, ahead of both “Ajman One” and “City Towers” projects.