Abu dhabi: The total number of real estate transactions in the Emirate of Ajman during July reached 1,517, with a combined value of AED1.65 billion.
According to Emirates News Agency, Ahmed Khalfan Al Shamsi, Director of the Real Estate Registration Department at the Ajman Department of Land and Real Estate Regulation, stated that the trading volume amounted to AED1.08 billion across 1,296 transactions. He further revealed that 138 mortgage transactions were recorded, with a total value of AED341 million, and Al Jurf Industrial 1 registered the highest single mortgage transaction at AED20.9 million.
Al Shamsi highlighted that these figures reflect the upward trajectory of Ajman's real estate sector. The market has maintained its positive momentum, witnessing significant activity across various property developments. This growth is attributed to diverse investment opportunities and a growing direct demand for different types of properties across the emirate.
Ajman Uptown topped the list of the most traded major projects, followed by Ajman One and Emirates City. In terms of neighbourhoods, Al Helio 2 led the list of the most traded areas, followed by Al Helio 1 and Manama 14. Notably, Al Jurf Industrial 1 recorded the highest single sale transaction at AED22.5 million.