Post by : Bianca Haleem
Ajman's property market showcased impressive results in March, tallying 938 transactions worth AED1.66 billion, as reported by the Department of Land and Real Estate Regulation.
Eng. Omar bin Omair Al Muhairi, the Director-General, highlighted that these recent numbers signify the sector's stability and persistent growth, attributed to continuous interest from investors and vibrant trading activities.
Leading Areas and Sales Highlights
Al Amerah emerged as a standout region, achieving the highest sales volume at AED185 million, underscoring the area's significant demand. The total of 680 sales transactions contributed to a trading volume of AED1.2 billion, demonstrating dynamic activity throughout the emirate's property landscape.
Ongoing Mortgage Transactions
Additionally, the report indicated 168 mortgage agreements amounting to AED305 million, with the largest mortgage reaching AED24.4 million in Al Jurf Industrial 3, highlighting sustained financing in vital areas.
Noteworthy Developments and Areas
Emirates City ranked as the most actively traded project, followed closely by City Towers and Ajman One. Meanwhile, Al Helio 2 stood out as the top trading location, with Al Zahia and Al Helio 1 following in second and third place respectively.
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