484 million dirhams, the value of transactions in real estate development projects in Ajman during the first quarter
Ajman, April 11 / WAM / His Excellency Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, said that the real estate market in the emirate recorded 924 real estate transactions in real estate development projects during the first quarter of the year with a total value exceeding 484 million dirhams.
Al Muhairi explained that the results of the first quarter reflect the confidence of investors and the attractiveness of the real estate sector in view of the components that the emirate possesses, its promising projects and the various investment opportunities it provides to investors, in addition to the smoothness and ease of registering projects, noting that the value of foreign investments exceeded 396 million dirhams.
He pointed out that the Al Zorah area witnessed the highest sales value in real estate development projects at a value of 15 million dirhams, while the “Garden Residence” project topped the list of the most traded projects, followed by both the “Corniche Tower” and “Lavender Tower” projects, according to data from the Ajman Real Estate Index.
He added that the number of residential units for projects registered during the first quarter reached 2,083 residential units, stressing that all real estate development projects are subject to continuous follow-up and periodic field visits, with the aim of determining the extent of the commitment of real estate development companies and management companies to providing amenities for residents and enhancing the quality of life in various residential complexes.
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