Latest news with #AED50m
Arabian Business
15-04-2025
- Business
- Arabian Business
Ajman real estate transactions passed $1.5bn in Q1
The Department of Land and Real Estate Regulation in Ajman recorded 3,887 real estate transactions in the first quarter of 2025, with a total value exceeding AED5.55bn ($1.5bn), marking a 29 per cent increase compared to the same period last year. Omar bin Omair Al Muhairi, Director-General of the Ajman's Department of Land and Real Estate Regulation, stated that the recorded growth reflects the ongoing upward trend in the emirate's real estate sector and underscores its resilience and growing prominence on the investment map. He noted that the value of trading reached AED3.63bn ($988m) across 3,132 sales transactions. Ajman real estate 2025 The Al Zahia area witnessed the highest-value transaction at AED50m ($13.6m). Emirates City topped the list of the most traded real estate projects, ahead of Ajman One and City Towers, while Al Helio 2 led the most active neighbourhoods, followed by Al Zahia and Al Yasmeen. Regarding mortgage activity, Al Muhairi confirmed the registration of 498 mortgage transactions during the first quarter of this year, with a total value exceeding AED905m ($246m).
Arabian Business
11-02-2025
- Business
- Arabian Business
Ajman real estate transactions hit $427m in January as transaction volume climbs 20%
The Department of Land and Real Estate Regulation in Ajman announced the registration of 1,321 real estate transactions during January, with a total value of AED1.57bn ($427m), while the trading volume amounted to AED1.26bn ($343m) out of a total of 1,044 real estate transactions. According to statistics released by the department, the highest sales value was recorded in Al Zahia area, with a value of AED50m ($13.6m). Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, said that the statistics for January reflect the positive performance of the real estate market, which recorded a growth in the volume of real estate transactions by more than 20 per cent compared to the same period in 2024, Ajman real estate He explained that last January witnessed 175 mortgage transactions with a total value of AED257.7m ($70.2m), where the highest mortgage value was recorded at AED23.8m ($6.5m) in the Ajman Industrial 1 area, and Al Helio 2 neighbourhood came at the top of the list of the most traded neighbourhoods, followed by Al Yasmeen and Al Zahia respectively.
