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Ajman real estate transactions top $199m in Q1

RIYADH, April 27, 2017

The real estate sector in the UAE emirate of Ajman has registered solid growth during the first quarter with its transactions surging to more than Dh733 million ($199 million), said senior officials of the Department of Land and Real Estate Regulation in Ajman.

The total investments during the period topped Dh680 million ($185 million), thanks to the funds flow from overseas and also the Guf market, they stated while speaking at the Riyadh Real Estate & Urban Development Exhibition 2017 (Restatex Riyadh 2017).

The Restatex Riyadh 2017, the largest annual real estate event of its kind in Saudi Arabia, was held recently at the Riyadh International Convention & Exhibition Center.

The pavilion hosted by the Department of Land and Real Estate Regulation in Ajman received a huge turn out from participants and visitors during the event, which was highly lauded for highlighting promising real estate investment opportunities while also providing a glimpse of the emirate's growth perspectives.

In addition, the department threw the spotlight on key investment opportunities currently being offered by Ajman while also showcasing the latest and most significant developments and trends in Ajman real estate market.

Yafea Al Faraj, the director general, Department of Land and Real Estate Regulation in Ajman, said: "We, recognize that foreign investments and Gulf in particular, are major drivers in revitalizing the local real estate market."

"The pavilion also featured a variety of semi-finished and completed real estate projects that are located in freezone ownership areas within the emirate," he added.-TradeArabia News Service




Tags: Ajman | real estate | transaction |

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