Latest news with #OmarbinOmairAlMuhairi
Gulf Today
3 days ago
- Business
- Gulf Today
Ajman saw realty transactions valued at Dhs3.25 billion in July
The Department of Land and Real Estate Regulation in Ajman reported that the emirate's real estate market witnessed 1,920 real estate transactions during July 2025, with a total value of Dhs3.25 billion, a remarkable growth of over 62.5 per cent compared to the same period in 2024. Ahmad Khalfan Al Shamsi, Acting Director General of the Department of Land and Real Estate Regulation, said that the volume of trades reached Dhs1.95 billion out of a total of 1,593 trading process, with the Al Helio 1 area recording the highest transaction value of Dhs56 million. He emphasised that the real estate sector in Ajman is experiencing a positive period and continues to record exceptional figures, reflecting the increased demand for various types of real estate. He added that the Department recorded 178 mortgage transactions with a total value exceeding Dhs432 million, with the highest mortgage value recorded at Dhs110 million in the 'Industrial area 2. Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the number of real estate transactions during June reached 1,607, with a total value of Dhs2.32 billion, achieving a 47 per cent growth compared to the same period in 2024. The trading volume reached Dhs1.53 billion, out of a total of 1,318 transactions. Al Muhairi explained that June witnessed exceptional activity and achieved record numbers, reflecting the direct increase in demand for various types of real estate in the Emirate He added that the 'Al Helio 1' area witnessed the highest sales value of Dhs46 million, noting that 215 mortgage transactions were recorded with a total value exceeding Dhs376.4 million, according to Ajman Real Estate Index statistics. The Director General of the Department of Land and Real Estate Regulation pointed out that the highest single mortgage was registered at Dhs28 million in the Al Nuaimia 1. Al Helio 2 topped the list of the most active neighbourhoods in terms of transaction volume, followed by Manama 14 and Al Zahya. Meanwhile, the 'Emirates City Ajman' project led the list of the most traded major developments, ahead of 'Ajman One' and 'City Towers.' Meanwhile the real estate sector in the Emirate of Ajman recorded a remarkable performance during the first half of 2025, with the total value of real estate transactions reaching Dhs12.4 billion, marking a record growth of 37 per cent compared to the same period last year. Sheikh Abdulaziz Bin Humaid Al Nuaimi, Chairman of the Department of Land and Real Estate Regulation in Ajman, stated that the real estate sector plays a pivotal role in driving the emirate's economic growth. He emphasised that the sector continues to deliver exceptional performance, reflecting Ajman's position as a leading investment destination and a promising real estate market. Sheikh Abdulaziz, during his review of the real estate report for the first half of 2025, affirmed that the positive performance of Ajman's real estate market and the 37 per cent increase in transaction value indicate a rising demand for properties and confirm the emirate's attractiveness to investors and its strong competitive edge. Meanwhile 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 Dhs5.55 billion, 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 Dhs3.63 billion across 3,132 sales transactions. The Al Zahia area witnessed the highest-value transaction at Dhs50 million. 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 Dhs905 million. The highest mortgage value, Dhs70 million, was recorded in Al Jurf Industrial 1. Meanwhile the number of real estate transactions in the Emirate of Ajman during 2024 reached 15,125 real estate transactions with a total value exceeding Dhs20.5 billion, reflecting a remarkable growth of 21 per cent compared to 2023. Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Ajman Department of Land and Real Estate Regulation, stated that the exceptional performance of the real estate market over the past year is evidence of the sector's strength and a positive indicator that enhances Ajman's position as a premier investment destination and promises a bright future for the emirate's economy. WAM
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).
Zawya
14-04-2025
- Business
- Zawya
Ajman real estate transactions reach $560.8mln in March 2025
Real estate transactions in Ajman reached AED2.06 billion in March 2025, marking a significant increase of over 41 percent compared to the same period in 2024. Omar bin Omair Al Muhairi, Director-General of the Ajman's Department of Land and Real Estate Regulation, said the emirate recorded 1,025 real estate transactions in March, with trading volume totalling AED1.03 billion. He noted that "Al Heliow 1" recorded the highest property sale at AED43 million. Al Muhairi noted that Ajman's real estate market continues to show strong momentum, consistently achieving record figures. He said this reflects the emirate's attractive investment environment, supported by competitive pricing, integrated services, and advanced infrastructure. He added that March also witnessed 156 mortgage transactions amounting to AED299 million. The highest mortgage value, AED40 million, was recorded in the "Al Nuaimiya 3" area.
Gulf Today
21-02-2025
- Business
- Gulf Today
Ajman's real estate deals rise 67% in 2024
The annual Real estate Report of the Department of Land and Real Estate Regulation in Ajman revealed that the value of trading in real estate development projects in the emirate exceeded Dhs1.44 billion, a significant increase of 67% compared to 2023. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, said that the Real estate market in Ajman continued its exceptional activity during the past year and witnessed a significant increase in the number of trading in real estate development projects, which amounted to 3,624 trading operations, a growth of 44% compared to 2023. He pointed out that the Al Zorah area witnessed the highest sales value in real estate development projects, at a value of Dhs6.92 million, explaining that the 'Gold Crest Dream' project topped the list of the most traded projects, followed by the 'Lilies Tower - B' and 'Lavender Tower' projects. The Director General of the Department of Lands and Real Estate Regulation confirmed that all real estate development projects are subject to continuous follow-up and periodic field visits with the aim of determining the extent of the commitment of real estate development companies and management companies to providing comfort to residents and enhancing the quality of life in various residential complexes. Saeed Al Matrooshi, Director of Real Estate Project Management, stated that the escalating performance of the real estate market reflects the appealing nature of Ajman and the size and quality of its real estate investments, due to its well-developed infrastructure and various attractions that meet the investors' expectations, indicating that Al Zorah area has witnessed the highest mortgage value in real estate development projects.
Arabian Business
20-02-2025
- Business
- Arabian Business
Ajman real estate trading leapt 67 per cent to $392m last year
The value of trading in Ajman real estate development projects exceeded AED1.44bn ($392m) last year, according to the Department of Land and Real Estate Regulation. It represents a significant increase of 67 per cent compared to 2023. Omar bin Omair Al Muhairi, Director General of the Departm e nt of Land and Real Estate Regulation, said that the real estate market in Ajman continued its exceptional activity during the past year and witnessed a significant increase in the number of trading in real estate development projects, which amounted to 3,624 trading operations, a growth of 44 per cent compared to 2023. Ajman real estate He pointed out that the Al Zorah area witnessed the highest sales value in real estate development projects, at a value of AED6.92m ($1.9m), explaining that the 'Gold Crest Dream' project topped the list of the most traded projects, followed by the 'Lilies Tower – B' and 'Lavender Tower' projects. The Director General of the Department of Lands and Real Estate Regulation confirmed that all real estate development projects are subject to continuous follow-up and periodic field visits with the aim of determining the extent of the commitment of real estate development companies and management companies to providing comfort to residents and enhancing the quality of life in various residential complexes. Saeed Al Matrooshi, Director of Real Estate Project Management, said that the escalating performance of the real estate market reflects the appealing nature of Ajman and the size and quality of its real estate investments, due to its well-developed infrastructure and various attractions that meet the investors' expectations, indicating that Al Zorah area has witnessed the highest mortgage value in real estate development projects.
