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Ajman real estate deals surge 43% to $4.6bn in 2023

By Pramod Kumar
A view of Ajman Corniche. The emirate reported a strong increase in business license renewal Creative Commons/PJ Sons
AAl Yasmeen neighbourhood topped the list of the most traded areas in Ajman in 2023

The number of real estate deals in Ajman increased 43 percent year on year to 11,474 last year, with a total value of AED16.9 billion ($4.6 billion), the annual report of the Ajman Department of Land and Real Estate Regulation reveals.

The highest sale recorded was AED136 million in the Al Nakheel 2 neighbourhood, the UAE state-run Wam news agency reported.

“The emirate of Ajman is rapidly transforming into a modern, integrated city, attracting residents who seek a secure and prosperous future,” Sheikh Abdulaziz bin Humaid Al Nuaimi, chairman of the Department of Land and Real Estate Regulation, was quoted as saying.

Al Yasmeen neighbourhood topped the list of the most traded areas, followed by Al Zahya and Al Helio 2. Emirates City topped the list for the most properties sold, ahead of the Ajman One and City Towers projects.

The emirate registered 1,971 mortgage transactions, valued at AED4.8 billion, last year, Omar bin Omair Al Muhairi, director general of the Department of Lands and Real Estate Regulation, said.

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