(MENAFN-Al-Bayan)
The volume of real estate transactions in Ajman during the first quarter of this year amounted to 3.4 billion dirhams. Omar bin Omair Al Muhairi, Director General of the Department of Lands and Real Estate Regulation in Ajman, said that the number of real estate transactions during the first quarter of this year amounted to 2,630, with a growth rate of 6.25% compared to the same period in 2022.
The trading volume amounted to 1.87 billion dirhams, out of a total of 1859 transactions.
Al-Muhairi explained that the quarterly real estate transaction report recorded 555 mortgage transactions at a value of 761 million dirhams during the same period, while the real estate sector in Ajman maintained its positive rates and achieved exceptional results thanks to the diversity of investment opportunities and the increasing demand for real estate, especially during the month of February. The value of real estate transactions amounted to 1.4 billion dirhams, a growth of 34% compared to last January.
He attributed this to the direct impact of the Ajman Real Estate Investment Exhibition, which witnessed the conclusion of 75 real estate deals with a total value of 44.2 million dirhams over the three days of the exhibition.
Al-Muhairi pointed out that the “Emirates City” project topped the list of the most actively traded major projects, ahead of the “Ajman 1” and “Horizon Towers” projects. “Al-Yasmeen neighborhood” also came at the top of the list of the most-traded neighborhoods, followed by “Al-Zahia” and “” Al Bahia”, while the “Al Helio 2” area witnessed the highest sale value, at 65 million dirhams.
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