Abdul Aziz bin Humaid: Ajman has achieved great success in the real estate sector.
Ajman: “The Gulf”
The number of real estate transactions in the emirate of Ajman in the first half of this year reached 7,071 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 these transactions 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, an increase of 88%.
Sheikh Abdul Aziz bin Humaid Al Nuaimi, Head of the Department of Land and Real Estate Regulation in Ajman, said: The emirate continues to be very successful in various fields, especially in the real estate sector, which keeps pace with the emirate’s ongoing renaissance. is witnessing in various fields of development and economy, thanks to the wise views of Bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, and the follow-ups of His Highness Ammar bin Humaid Al Nuaimi. Prince of Ajman and Chairman of the Executive Council, charting the path for the emirate of leadership and excellence and establishing it as an attractive destination for real estate investment.
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. speed of registration procedures and transactions, in addition to the infrastructure, the modern and advanced nature of the emirate.
Sheikh Abdul Aziz bin Humaid Al Nuaimi stressed that the real estate growth achieved by the emirate reflects investor confidence in Ajman as a prime investment destination, as well as the strength of its real estate sector to provide an integrated and distinctive business environment for investors of all categories.
The department’s report stated that the volume of real estate transactions in Ajman during the first half of the year was 5,449, with a value of 6.139 billion dirhams, an increase of 37% compared to the same period last year, while there were 1,205 mortgage transactions. A total value of 1.797 billion dirhams was recorded in the last six months.
The report revealed that the districts of Yasmeen, Al Zahia and Al Helio 2 were the largest real estate (property) transactions in the first half of 2024, while the eastern sector, the southern sector and then the northern sector were the sectors. who have done the most real estate transactions at the same time.
The report identified some of the most important reasons for the increase in foreign investment in the emirate, especially the emirate’s promotional activities, especially the Ajman Real Estate Investment Exhibition, which signed 336 deals worth 195.8 million dirhams. the emirate’s distinctive and central location among the emirates, and the ease of obtaining financing for residential and commercial projects in addition to the variety of models offered in the real estate market and the laws that are flexible and help to attract investment. Up to 100% availability of facilities offered to foreigners to buy and hold property.
