9 billion dirhams in actual property transactions in Ajman for the primary half, with a development of 33% | Al Khaleej Newspaper

Abdul Aziz bin Humaid: Ajman is recording main successes in the actual property sector.

Ajman: “The Gulf”
The variety of actual property transactions within the Emirate of Ajman within the first half of this 12 months reached 7,071 transactions, with a complete worth exceeding 9 billion dirhams, a development of 33% in comparison with the identical interval of the earlier 12 months.
A report by the Division of Land and Actual Property Administration in Ajman confirmed that these transactions had been distributed between 2,039 transactions for residents, price 2.980 billion dirhams, and 5,139 transactions for overseas investments, price 6,048 billion dirhams, with a development fee of 88%.
Sheikh Abdul Aziz bin Humaid Al Nuaimi, Head of the Land and Actual Property Administration Division in Ajman, mentioned: The emirate continues to file nice successes in a number of areas, particularly the actual property sector, which is holding tempo with The continual restoration of the emirate is seeing in varied improvement and financial areas, due to the smart visions of His Highness Sheikh Humaid. , Crown Prince of Ajman and Chairman of the Govt Council, which charts a path for the emirate of management and excellence, and reinforces its place as a horny vacation spot for actual property investments.
He mentioned that the actual property sector in Ajman has achieved outstanding development in recent times, as a result of services and success elements that the emirate gives to traders and their tasks, and the versatile legislative atmosphere. his that contributes to attracting investments, and the way straightforward it’s. registration procedures and velocity in finishing transactions, in addition to the infrastructure The fashionable and progressive nature of the emirate.
Sheikh Abdul Aziz bin Humaid Al Nuaimi emphasised that the actual property development achieved by the emirate displays traders’ confidence in Ajman as a serious funding vacation spot, and strengthens the steadiness of its actual property sector offering an built-in enterprise atmosphere and famend for traders of all types.
The division’s report mentioned the variety of actual property transactions in Ajman within the first half of the 12 months reached 5,449, with a price of 6.139 billion dirhams, a rise of 37% in comparison with the identical interval final 12 months, whereas transactions 1,205 mortgage there. which was recorded with a complete worth of 1.797 billion dirhams within the final six months.
The report defined that the neighborhoods of Yasmeen, Al Zahia, and Al Helio 2 had been the best in actual property transactions (property) within the first half of 2024, and the japanese area, adopted by the southern after which the north, the areas. with most actual property transactions in the identical interval.
The report recognized a number of of crucial causes for the rise in overseas funding within the emirate, particularly the promotional actions within the emirate, particularly the Ajman Actual Property Funding Exhibition, which recorded the signing of 336 contracts price 195.8 million dirhams, the distinguished place and central emirate among the many emirates, and the legal guidelines and laws which might be versatile and contribute to attracting funding. present entry to sources for foreigners to purchase and personal property at a fee of as much as 100%.