Ajman: 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.
According to Emirates News Agency, Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, stated that the real estate market in Ajman continued its exceptional activity during the past year. The number of trading operations in real estate development projects reached 3,624, marking a growth of 44% compared to 2023.
He highlighted that the Al Zorah area recorded the highest sales value in real estate development projects, with a value of AED6.92 million. The 'Gold Crest Dream' project topped the list of the most traded projects, followed by 'Lilies Tower - B' and 'Lavender Tower' projects.
The Director General affirmed that all real estate development projects are under continuous monitoring and periodic field visits. This ensures the commitment of real estate development companies and management companies to provide comfort to residents and enhance quality of life in residential complexes.
Saeed Al Matrooshi, Director of Real Estate Project Management, stated that the escalating performance of the real estate market reflects Ajman's attractiveness and the quality of its real estate investments. This is attributed to its well-developed infrastructure and various attractions that meet investors' expectations. Al Zorah area also witnessed the highest mortgage value in real estate development projects.