The annual real estate report issued by the Department of Land and Real Estate Regulation in Ajman has revealed the performance of the emirate’s real estate transactions in 2020 which  worth USD 2.42bn, Zawya reports

Nasser Al Marzouqi, Deputy Director-General of the Department, stresses that Ajman’s real estate sector maintains its positive performance, due to the proactive measures taken by the Ajman Government that reduced the impact of the pandemic.

Real estate investments in the previous year were estimated at AED4.6 bn, with citizens’ investments totaling AED2.3 bn and foreign investments accounting for AED2.1 bn, Al Marzouqi adds, noting that investments by Gulf Cooperation Council, GCC, citizens totaled AED143 mn.

The largest deal in 2020 in Zahya District in the Eastern Sector valued at AED146 mn, and the largest mortgage estimated at AED467 mn in Al Jurf 1 District, he concludes.