Wednesday, July 13, 2022 – 7:09 PM
AJMAN, 13th July, WAM / The real estate report issued by the Department of Land and Real Estate Regulatory in Ajman revealed that the number of real estate transactions during the first half of this year amounted to 5,428 real estate transactions with a total value of 6.2 billion dirhams, achieving a growth of 8.7 percent compared to the same period in 2021. The volume of trading amounted to 4.18 billion dirhams out of a total of 4,358 trading transactions, and 688 mortgage transactions were recorded, with a total value of 1.6 billion dirhams.
His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, said that the Ajman real estate market enjoyed good growth rates and achieved a remarkable recovery compared to the first half of last year, given the increasing volume of real estate investments in the emirate and the diversity of promising opportunities in the real estate sector, which has the characteristics of And distinct ingredients that meet the requirements of different segments and allow them to achieve the desired returns from the real estate investment process.
Al Muhairi stressed that the Emirate of Ajman has succeeded in enhancing its advanced position on the real estate map locally and regionally and is moving steadily towards achieving its desired strategic goals and ambitious vision aimed at achieving sustainable leadership at the level of various economic sectors, especially the real estate sector, which continues to achieve positive upward numbers.
Al Muhairi pointed out that the “Emirates City” project topped the list of the most traded projects, ahead of the “Ajman 1” and “Horizon Towers” projects, and “Al-Yasmeen District” came at the top of the list of the most traded neighborhoods, followed by “Al Zahia” and “Masfout 3”. “.
Wam/ Yaqoub Al-Awadi/Imad Al-Ali
