In a testament to the robustness of the real estate market in Ajman, the Department of Lands and Real Estate Regulation reported that real estate transactions in the emirate reached a staggering Dh1.4 billion in July 2023. The Director-General, Omar bin Omair Al Muhairi, revealed that this figure represents a remarkable 52% growth compared to the same period in 2022.
The month of July saw a flurry of real estate activity, with a total of 948 transactions being registered. The combined value of these transactions amounted to Dh1.4 billion, contributing to a total trading volume estimated at Dh1.03 billion. These statistics underscore the sustained momentum and attractiveness of Ajman’s real estate market.
Among the notable transactions, “Al Nakhil 2” emerged as the frontrunner with the highest sales value recorded at Dh136 million. This prestigious development has evidently captured the attention of investors and homebuyers, solidifying its position as a key player in the local real estate landscape.
Omar bin Omair Al Muhairi, Director-General of the Department of Lands and Real Estate Regulation in Ajman, expressed optimism about the continued growth of the real estate sector in the emirate. He attributed the impressive surge in transactions to several factors, including strategic developments, infrastructure enhancements, and the overall appeal of Ajman as a prime investment destination.
The director-general also highlighted the commitment of the Ajman government to creating a conducive environment for real estate investments, with transparent regulations and efficient processes that facilitate property transactions. Such initiatives have evidently instilled confidence in investors, leading to a substantial increase in real estate activities within the emirate.
As Ajman continues to position itself as a thriving economic hub, the real estate sector is poised to play a pivotal role in driving economic growth. The positive trajectory witnessed in July 2023 reflects not only the resilience of the real estate market but also the growing confidence of investors in Ajman’s potential.
The noteworthy surge in real estate transactions, reaching Dh1.4 billion in July 2023, signals a promising future for Ajman’s property market. The emirate’s strategic initiatives and the appeal of developments like “Al Nakhil 2” are likely to sustain this growth, making Ajman an increasingly attractive destination for real estate investment in the United Arab Emirates.
