Ajman, UAE – Total real estate transactions in Ajman in the first quarter (Q1) of 2023 totaled AED3.4 billion ($930 million).
Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, said that the number of real estate transactions in Q1 2023 amounted to 2,630, a 6.25 percent increase compared to the same period in 2022.
The quarterly report on real estate transactions in the emirate registered 555 mortgage applications worth AED761 million ($207.23 million), Al Muhairi added.
Ajman’s real estate sector has maintained its positive level of development, aided by diverse local investment opportunities, he said.
Local real estate transactions totaled AED1.4 billion ($380 million), a rise of 34 percent compared to January, mainly due to the direct impact of the Ajman Real Estate Investment Exhibition, in which 75 real estate deals worth AED44.2 billion ($12.04 billion) were signed, he said.