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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