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UAE- Ajman posts 50% surge in 2012 property deals

21 Mar 2013

(MENAFN) Ajman Real Estate Regulatory Agency (Arra) Executive-Director, Yafea Eid Al Faraj, stated that in 2012, property deals in the emirate surged by 50 percent in value terms to USD51.65 million, reported Emirates 24/7.

Al Faraj said that Ajman real estate market is continuing to attract investors, mainly those from GCC countries.

He noted that the market witnessed strong demand for ready residential buildings, situated in the center of the city.

Al Faraj added that the emirate will hand over several projects in 2013, including the first phase of Ajman One, which is a fully-integrated complex comprising residential, business and hotel facilities.

It is worth noting that Ajman is projected to launch new 5-star hotels, aimed at enhancing the tourism sector.

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