Omar bin Omair Al Muhairi, Director-General of the Department of Lands and Real Estate Regulation in Ajman, reported a surge in real estate transactions of 52% from the same period in 2022 to July 2023.
While the entire selling volume was projected at AED1.03 billion, July saw the registration of 948 real estate transactions with a total value of AED1.4 billion. “Al Nakhil 2” recorded the highest sales value at AED136 million, he noted.
Al Muhairi emphasized that Ajman’s real estate market kept expanding and achieving extraordinary numbers as a result of the city’s excellent investment opportunities and welcoming and supportive business climate.
The leadership’s insightful vision and its supportive decisions, which significantly boosted Ajman’s attractiveness and ensured its success in luring more foreign investments, contributed to the overall boom witnessed by the emirate in various vital sectors, he added. The real estate boom is a reflection of this overall boom.
He then pointed out that the department recorded 144 mortgage transactions with a total value of AED177 million, with the highest mortgage value being AED9.16 million in the “Al Rashidiya 1” area, and “Al Yasmeen” neighborhood topped the list of most popular neighborhoods, followed by “Al Zahya” and “Al Helio 2.”