In the vibrant tapestry of the United Arab Emirates, where ambition dances harmoniously with architectural artistry, the Ajman real estate market has unfurled its wings, flying to exhilarating heights this November. A remarkable surge of 32 per cent year on year marks an astonishing $659 million in real estate transactions, harmonizing perfectly with a growing appetite for diverse property types that resonate with sophistication and allure.
Emerging data from the Ajman Department of Land and Real Estate Regulation illustrates a crescendo of robust demand across both residential and commercial projects, illustrating a landscape vibrant with opportunity and promise. In November, the emirate witnessed a remarkable 1,552 transactions, culminating in a staggering total value of AED 2.42 billion, a testament to the steadfast investor confidence that weaves the very fabric of Ajman’s alluring real estate market.
Engineer Omar bin Omair Al Muhairi, the visionary Director General of the Ajman Department of Land and Real Estate Regulation, observes this flourishing activity as he highlights the month’s crescendo, resonating with an unwavering enthusiasm that mirrors the dynamism of the emirate itself. As the rhythm of demand swells, each property transaction tells a story of ambition and aspiration, encapsulating the spirit of growth that defines Ajman.
The allure of trading activity boomed, amassing AED 1.82 billion through 1,302 intricate deals that magnetically drew in both seasoned investors and first-time buyers alike. Among these transactions, Al Rumaila 2 captured the spotlight with an eye-popping single sale value of AED 110 million, epitomizing the pinnacle of luxury in the region. Meanwhile, the Golf Estate emerged as a noteworthy gem, registering its highest sale at AED 2.75 million, beckoning its new inhabitants into a realm of opulence and modernity.
Moreover, November unveiled a tapestry of financial undertakings adorned with 186 mortgage transactions, collectively valued at over AED 370.4 million. Al Nuaimiya 1, a neighborhood pulsating with life and potential, showcased the highest mortgage value, standing tall at AED 66 million, illustrating the diverse canvas of residential allure throughout Ajman.
As Al Muhairi outlines the trails of property desirability, it becomes evident that Emirates City reigns supreme among the most actively transacted projects, followed closely by City Towers and Ajman One. In the vibrant enclaves of Helio 2, the thriving spirit of community thrives, leading the podium of neighbourhood trading, embracing both Helio 1 and Al Zahya in a dynamic dance of real estate vitality.