Post by : Maya Rahman

November proved to be a vibrant month for the Ajman real estate sector, achieving 1,552 transactions totaling AED2.42 billion. This represents a notable 32 percent rise compared to last year, indicating robust growth fueled by heightened investor interest within the emirate.

Engineer Omar bin Omair Al Muhairi, Director General of the Ajman Department of Land and Real Estate Regulation, remarked on the market's liveliness, highlighting a strong demand for diverse property types. This ongoing expansion reflects an increase in investor confidence and interest in Ajman's real estate landscape.

Total property trading reached AED1.82 billion from 1,302 transactions, with the highest individual property sale occurring in Al Rumaila 2 for AED110 million. The Golf Estate development also marked a significant transaction at AED2.75 million.

The month recorded 186 mortgage transactions, accumulating over AED370.4 million. Al Nuaimiya 1 garnered significant financing activity, leading with a registered mortgage value of AED66 million.

Al Muhairi noted that Emirates City emerged as the most active project for trading, closely followed by City Towers and Ajman One. In terms of neighborhoods, Helio 2 recorded the highest transaction volume, succeeded by Helio 1 and Al Zahya, reflecting broad interest throughout the emirate.

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