The real estate market in Ajman continues its upward trend, recording 1,468 real estate transactions in July with a total value of over AED2 billion ($544 million), thus registering a growth of 42.8% year-on-year.

 

The northern emirate of Ajman is witnessing a strong momentum and a remarkable increase in the number and volume of real estate transactions given the diversity of investment opportunities and the attractiveness of the business environment, reported Wam, citing a top official. 

 

The volume of transactions during July reached AED1.34 billion, with Al Rashidiya 1 recording the highest sales value of AED80 million, said Omar bin Omair Al Muhairi, the Director-General of Ajman's Department of Land and Real Estate Regulation.

 

The department recorded a total of 280 mortgage transactions worth AED489 million, with the highest mortgage value of AED75 million recorded in the Ajman Industrial 2 area.

 

Of the most traded neighbourhoods, The Al Helio 2 area topped the list followed by Al Zaheya and Al Yasmeen, while Emirates City emerged the favourite among most traded major projects ahead of Ajman One and City Towers.