Connect with us

Business

Ajman real estate transactions jump 32 per cent to $659m in November

Published

on

Ajman real estate

Ajman saw $659m in real estate transactions in November, up 32 per cent year on year, as demand rose across all property types

The Ajman real estate market maintained strong momentum in November as transaction values and volumes rose sharply, reflecting sustained investor confidence across the emirate.

Data from the Ajman Department of Land and Real Estate Regulation highlights broad-based demand across residential and development projects.

Advertisement

Real estate transactions in Ajman totalled 1,552 deals in November, with an overall value of AED2.42bn ($659m), marking a 32 per cent increase compared to the same period in 2024.

Ajman real estate market

Engineer Omar bin Omair Al Muhairi, Director General of the Ajman Department of Land and Real Estate Regulation, said the property market maintained strong momentum during the month, driven by rising demand across all property types and reflecting growing investor confidence and interest in opportunities throughout the emirate.

He added that trading activity amounted to AED1.82bn ($496m) across 1,302 transactions.

Al Rumaila 2 recorded the highest single sale value at AED110m ($30m), while the highest sale within real estate development projects was registered in Golf Estate at AED2.75m ($750,000).

Advertisement

November also saw 186 mortgage transactions valued at more than AED370.4m ($101m), with Al Nuaimiya 1 posting the highest mortgage value at AED66m ($18m).

Al Muhairi noted that Emirates City topped the list of the most traded major projects, followed by City Towers and Ajman One. Helio 2 led the list of the most traded neighbourhoods, ahead of Helio 1 and Al Zahya.

Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2025 Wordupnews.com