JobXDubai

The status of Ajman’s real estate market was quite strong in March, according to government statistics. 1,169 properties were sold during the time, an almost 50% increase from the previous year. These transactions totaled AED1.46 billion ($398 million), indicating a strong period for the emirate’s real estate market.

The Director-General of Ajman’s Department of Land and Real Estate Regulation, Engineer Omar bin Omair Al Muhairi, said that the transaction volume was noteworthy at AED1.03 billion. At AED 72 million, a specific sale in the Al Helio 1 neighbourhood achieved the highest valuation. These indicators show that Ajman’s real estate market is flourishing, supported by strong performance and excellent figures.

Additionally, there was a surge in mortgage transactions, with 168 agreements totaling more than AED 280 million in March. With a mortgage transaction value of AED 20.9 million, the Al Rawda 1 neighbourhood witnessed the largest volume, suggesting a strong interest in funding real estate developments. Ajman One emerged as the most traded large project, and Al Yasmeen as the neighbourhood of choice for trades.

Al Muhairi ascribed this remarkable expansion to the competitive advantages and favourable investment climate that the emirate of Ajman offers to a wide range of investors. Together, they drive steady sales growth and solidify Ajman’s standing as the region’s premier real estate destination.