Ajman's real estate transactions hit $216mln in February

Stable performance of the emirate's property market

  
Image used for illustrative purpose. Emirate of Ajman is the smallest of the emirates by area.Image used for illustrative purpose.

Image used for illustrative purpose. Emirate of Ajman is the smallest of the emirates by area.Image used for illustrative purpose.

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The value of real estate transactions in the northern emirate of Ajman amounted to AED793 million ($216 million) in February, according to the monthly report issued by the Department of Lands and Real Estate Regulation.
 
The report noted the stable performance of the emirate's property market.
 
The month witnessed the registration of 454 real estate transactions during February with the Eastern Sector topping the list of most traded areas at AED394 million. The highest sale of land in value were recorded at Nuaimia 2 at AED9.5 million, stated the report.
 
Moreover, the monthly real estate report revealed that 394 mortgage transactions were registered, the highest of which was estimated at AED80 million for the land in Rumaila 2, it added.

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