Latest news with #OmarbinOmairAlMuhairi
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.
Zawya
20-02-2025
- Business
- Zawya
67% growth in trading in real estate development projects in Ajman during 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 AED1.44 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 AED6.92 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.
