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Ajman real estate deals up by 73 percent in Nov to $381 million

The real estate market deals grew by 73 percent in Nov compared to the previous month. (WAM)
By Hilal Mir
December 19, 2022 3:30 pm
  • Department of Lands and Real Estate Regulation recorded 123 mortgage transactions with a total value of AED 437 million.
  • The highest mortgage value was recorded at AED 93.5 million in the “Al-Nakhil 1” area.

Ajman, UAE– The Department of Lands and Real Estate Regulation in Ajman recorded 1121 real estate transactions worth AED1.4 billion ($381 million) during November.

Omar bin Omair Al Muhairi, Director-General of the Department of Lands and Real Estate Regulation, said the real estate market grew by 73 percent in November, compared to October 2022.

Al Muhairi said the department recorded 123 mortgage transactions with a total value of AED 437 million, where the highest mortgage value was recorded at AED 93.5 million in the “Al-Nakhil 1” area, and the “Al Zahia” neighbourhood came on top of the list of the most heavily traded neighbourhoods, followed by “Al Yasmeen” and the “Al Bahia”.

The “Emirates City” project topped the list of the most traded major projects, ahead of “Ajman Uptown” and “Ajman One” projects.

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