AJMAN, UAE – Real estate transactions in August achieved a growth of 61.5 percent compared to the same period in 2022, totalling over US$408 million while trading volume reached US$181 million, Department of Land and Real Estate Regulation in Ajman said.
Director-General of the Department of Land and Real Estate Regulation Omar bin Omair Al Muhairi said that the Al Helio 2 area witnessed the highest transaction value at US$10 million.
He said that the positive performance of the market and the exceptional figures recorded underscore the attractiveness of real estate investments in Ajman.
This is basically due to the growing demand for properties of all categories and price ranges from investors seeking comprehensive investment opportunities and a modern and comfortable lifestyle.
The department recorded 199 mortgage transactions in the past month with a total value of US$201 million (AED741 million), with the highest mortgage value of US26.8 million (AED98.5 million) being in Al Amerah, he added.
Regarding the list of the most popular neighbourhoods in August, Al Muhairi stated that Al Yasmeen topped the list, followed by Al Zahya and Al Helio 2.
The Emirates City project ranked as the most traded major project, surpassing both the Ajman One and City Towers projects, he added.