Tuesday, April 16, 2024
HomeWorldAjman real estate transactions total AED 7.17 bn in H1'23 - World...

Ajman real estate transactions total AED 7.17 bn in H1’23 – World News Network

Ajman [UAE], August 23 (ANI/WAM): The real estate market in Ajman showed robust performance in the first half of 2023 (H1’23), with total real estate transactions surpassing AED 7.17 billion.
This figure, which represents a significant growth rate of 15.6 per cent compared to the corresponding period in 2022, was included in the real estate report published by the Department of Lands and Real Estate Regulation and underscored the thriving economic activity in the emirate’s property sector.
Omar bin Omair Al Muhairi, Director-General of the Department of Lands and Real Estate Regulation, said that the aforementioned period witnessed a total of 5,310 real estate transactions, adding that the cumulative value of these transactions exceeding AED7.17 billion highlights a robust demand for properties.
The trading volume accounted for AED 4.57 billion, involving 3,980 trading operations. Mortgage transactions numbered 972, translating to a total value of AED 1.55 billion.
Al Muhairi also noted that this performance is in line with the consistent upward trajectory of the emirate’s real estate sector and can be primarily attributed to a sustained demand for properties and a steady inflow of investments in diverse real estate projects within the emirate.
May, in particular, emerged as a notable month, witnessing a peak value of real estate transactions totalling AED 1.9 billion, signifying an impressive growth rate exceeding 133 per cent compared to the corresponding month in 2022.
These statistics also collectively portray the resilience and vibrancy of Ajman’s real estate market. (ANI/WAM)


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News


Paris Appreciation Awards

Read More

World Polls

Read More

Short News

Read More

Indian Bureaucrats

Read More

World Talent Management

Read More

World Brand Ambassadors

Read More

Film Critics

Read More

Influencers

Read More

Video Press Release

Read More

podcasts Press Release

Read More

Social Media

Read More

Colleges Press Release

Read More

Business Press Release

Read More

Critics Press Release

Read More

Fashion Marketing Press Releases

Read More

Gaming Press Release

Read More

Finance Press Release Distribution

Read More

Creative Press Release

Read More

Animals Press Release

Read More

Tech News Press Release

Read More

Cryptomarket Press Release

Read More

Fitness News Press Release

Read More

Gadgets Press Release

Read More

Gardening Press Release

Read More

Stockmarket Press Release

Read More

Product Reviewers and Marketing

Read More

Crypto Press Release Distribution

Read More

Film Festivals Marketing

Read More

India Real Estate Marketing

Read More

Indian Medical Tourism

Read More

Travel Marketing Press Release

Read More

Health Marketing Press Release

Read More

Events Marketing Press Release

Read More

Restaurants Marketing Press Release

Read More

City Business Listing

Read More

World Import Export

Read More

PR Franchise

Read More

Radio Press Release Distribution

Read More

Movies Distribution

Read More

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

Paris Appreciation Awards

Read More

World Polls

Read More

Short News

Read More

Indian Bureaucrats

Read More

World Talent Management

Read More

World Brand Ambassadors

Read More

Film Critics

Read More

Influencers

Read More

Video Press Release

Read More

podcasts Press Release

Read More

Social Media

Read More

Colleges Press Release

Read More

Business Press Release

Read More

Critics Press Release

Read More

Fashion Marketing Press Releases

Read More

Gaming Press Release

Read More

Finance Press Release Distribution

Read More

Creative Press Release

Read More

Animals Press Release

Read More

Tech News Press Release

Read More

Cryptomarket Press Release

Read More

Fitness News Press Release

Read More

Gadgets Press Release

Read More

Gardening Press Release

Read More

Stockmarket Press Release

Read More

Product Reviewers and Marketing

Read More

Crypto Press Release Distribution

Read More

Film Festivals Marketing

Read More

India Real Estate Marketing

Read More

Indian Medical Tourism

Read More

Travel Marketing Press Release

Read More

Health Marketing Press Release

Read More

Events Marketing Press Release

Read More

Restaurants Marketing Press Release

Read More

City Business Listing

Read More

World Import Export

Read More

PR Franchise

Read More

Radio Press Release Distribution

Read More

Movies Distribution

Read More