9 billion dirham real estate transactions in Ajman in the first half

9 billion dirham real estate transactions in Ajman in the first half

The number of real estate transactions in the Emirate of Ajman in the first half of this year reached 7,071 real estate transactions with a total value of more than 9 billion dirhams, an increase of 33% compared to the same period last year.

A report by the Department of Land and Real Estate Regulation in Ajman showed that real estate transactions in the first half of the year were divided between 2,039 transactions for citizens, worth 2.98 billion dirhams, and 5,139 transactions for foreign investments, worth 6.048 billion dirhams. with a growth rate of 88%.

Sheikh Abdulaziz bin Humaid Al Nuaimi, Head of the Department of Land and Real Estate Regulation in Ajman, said: “Ajman continues to be very successful in various fields, especially in the real estate sector, which continues the pace of its continuous renaissance. The emirate is experiencing various development and economic areas, its Thanks to the continuation of His Highness Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, and His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, the Chairman of the Executive Council, leading the way for the emirate of leadership and excellence, and real estate which cements its position as an attractive investment destination.”

He added that the real estate sector in Ajman has achieved significant growth in recent years due to the ease and success factors the emirate offers to investors and their projects, and the flexible legislative environment that helps attract investment. registration procedures and the speed of completing transactions, in addition to the advanced modern infrastructure of the emirate. Sheikh Abdulaziz bin Humaid Al Nuaimi emphasized that the real estate growth achieved by the emirate reflects investor confidence in Ajman as a prime investment destination, and enhances the strength of its real estate sector.