UAE – Mubasher: The real estate sector in the emirate of Ajman has witnessed transactions worth around AED 1.3 billion in the first quarter of 2019, according to a report by Ajman’s Department of Land and Real Estate Regulation.
This reflects the condition of the real estate market in Ajman and the attractiveness of the sector for domestic and foreign investors, the report highlighted.
Investments in Ajman’s real estate sector were estimated at 165 deals during the three-month period ended 31 March 2019, the report added.
Abdulaziz bin Nasser Al Nuaimi, director general of the Department of Land and Real Estate, said that the notable development in Ajman’s real estate market is backed by the ideal investment environment provided by the emirate’s government.
According to a report by the World Bank Group in 2019, Ajman was ranked the first among Arab cities and the fifth globally in terms of ease of property registering, Al Nuaimi added.
He further noted that the Department of Land and Real Estate Regulation has implemented 1,206 transactions and 947 sales in line with registering 408 mortgages totalled AED 1.4 billion.
Residences of Al Yasmeen, Al Rashidiya, and Masfout were the most popular during Q1-19, he stressed.
