The real estate market in Ajman continues to rise, with 1,468 property transactions in July totalling over AED 2B, representing a 42.85 per cent increase compared to the previous year.
Omar bin Omair Al Muhairi, Director-General of Ajman’s Department of Land and Real Estate Regulation, commented that Ajman is experiencing significant momentum and a notable rise in the volume and number of real estate transactions due to diverse investment opportunities and an appealing business environment. He highlighted that transaction volumes in July amounted to AED 1.34B, with Al Rashidiya 1 recording the highest sales value at AED 80M.
He further noted that the department logged 280 mortgage transactions worth AED 489M, with the highest mortgage value of AED 75M in the Ajman Industrial 2 area. Al Helio 2 led in terms of the most traded neighbourhoods, followed by Al Zaheya and Al Yasmeen, while Emirates City topped the list of the most traded major projects, ahead of Ajman One and City Towers.
