2.37 billion dirhams, the value of real estate transactions in Ajman during October
Ajman, November 10, 2024 – Real estate transactions in the Emirate of Ajman recorded a remarkable growth of 30% compared to the same period in 2024, with a total value exceeding 2.37 billion dirhams, according to the report issued by the Department of Land and Real Estate Regulation in Ajman.
His Excellency Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, revealed that the real estate market in Ajman continued to achieve record numbers, maintaining its momentum and upward performance, as the trading volume reached 1.55 billion dirhams through 1,358 trading transactions, explaining that the highest sales value was recorded in the Manama 13 area, at a value of 30 million dirhams.
He added that the performance of the real estate sector and the strong indicators recorded since the beginning of this year reflect the strength of the real estate sector and its high competitiveness, and confirm the extent of investors’ confidence and preference to invest in the Emirate of Ajman.
Al Muhairi explained that the month of October witnessed the recording of 223 mortgage transactions with a total value exceeding 519.7 million dirhams, noting that the highest mortgage value of 60 million dirhams was recorded in the Industrial Area (1).
He noted that Al Helio (2) neighborhood topped the list of the most traded neighborhoods during the month, followed by Al Helio (1) and Al Yasmeen, while the Emirates City project came at the top of the most traded main projects, ahead of the Ajman One and City Towers projects.
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