Post by : Badri Ariffin

Ajman's property market showcased a robust performance in March, with a remarkable total of 938 transactions valued at AED1.66 billion, as reported by the Department of Land and Real Estate Regulation.

According to Eng. Omar bin Omair Al Muhairi, Director-General of the department, these figures emphasize the market’s resilience and ongoing positive momentum, fueled by steadfast investor interest and lively trading.

Leading Areas and Transactions

Notably, Al Amerah recorded the highest sales value at AED185 million, demonstrating a strong demand in the area. With a total of 680 sales transactions amounting to AED1.2 billion, the emirate's property sector displays healthy activity.

Strong Mortgage Activity

The report also highlighted 168 mortgage transactions worth AED305 million. The peak mortgage value reached AED24.4 million, notably in Al Jurf Industrial 3, reflecting robust financing in key regions.

Most Active Developments and Locations

Emirates City emerged as the most actively transacted project, alongside City Towers and Ajman One.

In terms of areas, Al Helio 2 ranked as the hottest trading spot, followed by Al Zahia and Al Helio 1 in second and third places, respectively.

#world news #Global News #Dubai News #Real Estate news