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Real Estate Briefing - Categorized | Middle East and Africa, Performance more

Ajman property deals up 50pct

Posted on 22 March 2013

Total value of property transactions in Ajman jumped by 50 per cent to Dh300 million in 2012 compared to 2011, signaling a recovery in the market. “The property market is witnessing a large interest from Gulf Cooperation Council investors and has been aided by recovery of the market in Dubai,” Yafea Eid Al Faraj, Executive-Director, Ajman Real Estate Regulatory Agency (Arra), said.
No details were given on number of buildings/apartments completed in 2012. Al Faraj, however, stated there was demand for ready residential buildings located in the centre of the city………………………………………..Full Article: Source


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