Ajman’s real estate market is still growing; in July, there were 1468 transactions worth a total of over AED 2 billion, up 42.85% from the previous year.
Given the variety of investment opportunities and the allure of the business environment, Omar bin Omair Al Muhairi, Director-General of Ajman’s Department of Land and Real Estate Regulation, stated that the Emirate of Ajman is experiencing a strong momentum and a notable increase in the number and volume of real estate transactions. He said that AED1.34 billion worth of transactions were made in July, with AED80 million being the highest sales value recorded by Al Rashidiya 1.
The department, he said, recorded 280 mortgage transactions totaling AED 489 million, with the highest mortgage value of AED 75 million recorded in the Ajman Industrial 2 area. He went on to explain that the most traded major project was Emirates City, ahead of Ajman One and City Towers, and the most traded neighborhood was the Al Helio 2 area, followed by Al Zaheya and Al Yasmeen.
