The Department of Land and Real Estate Regulation in Ajman announced that the real estate market in the Emirate witnessed remarkable growth during the month of November, where the rate of growth in the value of real estate transactions reached 85% compared to last October, with the registration of 822 real estate transactions with a total value estimated at 1.5 billion dirhams, while the total volume of real estate transactions.2 billion dirhams were registered through 656 transactions.
His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, stressed that the great recovery achieved in the real estate market is primarily due to the efforts of the Government of Ajman and its effective plans aimed at stimulating the local economy, including the real estate sector, which benefited from many facilities and encouraging incentives as being the main factor that pushes the growth forward in the emirate.
The report revealed that the highest bargain value was recorded in “Al-Yasmeen” with a value of 400 million dirhams, while the highest mortgage value of 20 million dirhams was recorded in the “Al-Hamidiya 1”. “Al-Yasmeen” neighborhood topped the list of the most neighbourhoods that had transactions, followed by “Al Zahia” and “Manama 11”, respectively.
Source:- Department of Land and Real Estate Regulation Ajman