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'STABLE DESTINATION'

Ajman real estate transactions up 39pc in 2016

AJMAN, December 20, 2016

The northern emirate of Ajman has witnessed robust real estate activity in the year to date, with transactions worth Dh1.5 billion ($408 million) involving more than 18,000 freehold units finalised, up 39 per cent over the same period last year, said experts at a recent industry event.

The Ajman Real Estate Conference 1 was organised by the Real Estate Regulatory Agency – Ajman (ARRA), a state-run institution mandated with regulating the real estate activities and developments in Ajman,

The one-day event was held under the patronage of HH Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman and Member of the UAE Supreme Council under the theme ‘Sustainable Development According to Global Standards.’

The conference not only showcased the real estate project pipeline in Ajman but also reinforced the emirate's stature as a stable investment destination.

Yafea Al Faraj, the executive director of Arra, said the debut conference by regulatory agency is a major step forward for Ajman real estate sector and coincides with the strong growth on witness in the emirate.

The event saw experts discussing the future of real estate and sustainable practices for real estate development in Ajman.

Besides highlighting the future of real estate in Ajman, they also shed light on the international property measurement standards, sustainability in real estate projects, the role of social media in real estate marketing and held sessions for owners’ association.

"These are exciting times for Ajman, and the immense growth potential on offer will get a major boost from the conference," remarked Al Faraj.

"The real estate transaction regulations in Ajman have been tightened and escrow accounts put in place. This, coupled with a stable market, offers the right environment for investments. Ajman has over 18,000 ready-to-occupy units available in the market by reputed developers, at unbelievable price points," he noted.

"We believe the emirate offers returns on investments which are unmatched across the region," he added.-TradeArabia News Service




Tags: Ajman | real estate | transactions |

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