Transactions Surge 49.9% Compared to 2023
AED 1.46 billion worth of real real was exchanged in 1169 transactions in Ajman in March. This represents a noteworthy growth of more than 49.9% as compared to the identical time in 2023.
Al Helio 1 Area Sees Highest Sales Value
The Director General of the Department of Land and Real Estate Regulation in Ajman, Engineer Omar bin Omair Al Muhairi, calculated that the full quantity of transactions for the duration of the same period amounted to AED1.03 billion, noting that the Al Helio 1 area had the highest sales price, which became AED72 million.
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Ajman’s Real Estate Market Booming
He clarified that Ajman’s real estate marketplace is booming, showing splendid performance and report-breaking figures. Because Ajman can accommodate buyers’ numerous needs and dreams, it is clear why investors find this metropolis appealing. The emirate’s aggressive blessings and favorable investment climate for enterprise owners and investors are riding up the call for all types of real property, as evidenced by its step-by-step increasing income.
Mortgage Transactions Exceed AED 280 Million
Al Muhairi pointed out that the department recorded 168 mortgage transactions exceeding AED 280 million in March 2024, with the highest mortgage value recorded in the “Al Rawda 1” area at AED 20.9 million. The “Al Yasmeen” neighborhood topped the list of the most traded neighborhoods, followed by “Al Helio 2” and “Al Zahia”. Additionally, the “Ajman One” project led the list of the most traded major projects, surpassing both the “Emirates City Ajman” and “City Towers Ajman” projects.
