The Ajman property sector showcased remarkable activity in November, culminating in 1,552 real estate deals totaling AED2.42 billion. This signifies a 32 percent uptick when compared to the same month last year, underscoring unyielding growth and heightened investor enthusiasm in the emirate.
Engineer Omar bin Omair Al Muhairi, General Director of the Ajman Department of Land and Real Estate Regulation, noted that the market's vibrancy is fueled by significant demand across various property types. He stated that this consistent growth is indicative of strong investor confidence and burgeoning interest in Ajman's development prospects.
For the month, property transactions amounted to AED1.82 billion across 1,302 deals. Notably, the highest single transaction occurred in Al Rumaila 2, fetching AED110 million. Additionally, the Golf Estate development recorded the top sale at AED2.75 million.
November also saw 186 mortgage transactions with a total value exceeding AED370.4 million. Al Nuaimiya 1 emerged as the frontrunner for mortgages, securing the highest transaction at AED66 million, reflecting robust financing activity in the region.
Al Muhairi highlighted that Emirates City led the major project trading activities, followed closely by City Towers and Ajman One. Among localities, Helio 2 topped the transaction volumes, succeeded by Helio 1 and Al Zahya, showcasing diverse interest across the emirate.
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