1.46 billion dirhams, the value of real estate transactions in Ajman during March 2024
Ajman, April 14 / WAM / His Excellency Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, said that the real estate market in the emirate witnessed during the month of last March 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. From the year 2023.
Al Muhairi estimated the total trading volume during the same period at 1.03 billion dirhams, noting that the highest sales value was recorded in the Al Helio 1 area at 72 million dirhams.
The Director General of the Department of Land and Real Estate Regulation in Ajman explained that the real estate sector in Ajman is going through a positive period and continues to record unprecedented numbers and exceptional performance that reflects the suitability of Ajman to the aspirations of investors and their diverse needs, as the emirate is witnessing an increase in demand for real estate of various types and a continuous growth in sales due to competitive advantages. The investment environment is stimulating for entrepreneurs and investors.
Al Muhairi pointed out that the department recorded 168 mortgage transactions during last March, 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 “Yasmeen” neighborhood came at the top of the list of the most traded neighborhoods, followed by “ Al Helio 2 and Al Zahia. The “Ajman One” project also topped the list of the most popular major projects, ahead of both the “Emirates City” and “City Towers” projects.
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