AED 1.46 billion worth of real estate was exchanged in 1169 transactions in Ajman in March. This represents a noteworthy increase of more than 49.9 percent when compared to the same time in 2023.
The Director General of the Department of Land and Real Estate Regulation in Ajman, Engineer Omar bin Omair Al Muhairi, calculated that the total amount of transactions during the same period amounted to AED1.03 billion, noting that the Al Helio 1 area had the highest sales value, which was AED72 million.
He clarified that Ajman’s real estate market is booming, exhibiting exceptional performance and record-breaking figures. Because Ajman can accommodate investors’ varied needs and goals, it is clear why investors find this city appealing. The emirate’s competitive advantages and favorable investment climate for business owners and investors are driving up demand for all types of real estate, as evidenced by its steadily increasing sales.
Al Muhairi pointed out that the department recorded 168 mortgage transactions exceeding AED 280 million in March 2024, with the highest mortgage value recorded in the “Al Rawda 1” area at AED 20.9 million. The “Al Yasmeen” neighborhood topped the list of the most traded neighborhoods, followed by “Al Helio 2” and “Al Zahia”. Additionally, the “Ajman One” project led the list of the most traded major projects, surpassing both the “Emirates City Ajman” and “City Towers Ajman” projects.