Engineer Omar bin Omar Al Mehairi, Director General of the Department of Land and Real Estate Regulation, announced that the real estate market in the emirate recorded 924 real estate transactions in development projects during the first quarter of the year, with a total value exceeding 484 million dirhams. Al Mehairi explained that the results of the first quarter reflect investor confidence and the attractiveness of the real estate sector, considering the advantages the emirate possesses, its promising projects, and the diverse investment opportunities it offers to investors. He also pointed out the smoothness and ease of project registration, noting that foreign investments exceeded 396 million dirhams. He stated that the Al Zorah area witnessed the highest sales value in development projects, amounting to 15 million dirhams. Meanwhile, the "Garden Residence" project topped the list of most traded projects, followed by "Corniche Tower" and "Lavender Tower", according to Ajman Real Estate Index data. He added that the number of residential units in the registered projects during the first quarter reached 2,083, confirming that all development projects are subject to continuous monitoring and periodic field visits to ensure that real estate development and management companies are committed to providing residents with comfort and enhancing the quality of life in various residential complexes.
