20% to 25% expected increase in the number of property transactions
Delivery of 12 projects in the areas of freehold Ajman during 2016
Date of publication: 09/05/2016
Ajman: «Gulf»
According to a report issued by the Real Estate Regulatory Ajman Foundation that this year will see the delivery of 12 real estate projects in the freehold in the emirate of Ajman areas, explaining that Nuaimiya C projects and City Towers ABC and number of 10 projects, real estate developer «PE investment properties» work is underway to deliver through this General and Paradise lakes Towers «Paradise Lake Towers» B07 and B08 of the company Sweet Homes and 200 residential villas awaiting delivered before the end of this year.
The report said that real estate projects mentioned and freehold of more than three thousand real estate unit, while the number of real estate projects that have been delivered last year, seven freehold real estate projects.
Conduct real estate
On dispositions real estate for the first quarter of this year, the report said the number of actions, including the initial registration and issuance of new ownership, transportation, mortgage reached more than 1,100, including more than 568 treatment initial recording was done during the first three months of this year, with a total initial Registration for the transactions 1500 last treatment, and that the total transactions carried out by the Foundation in 2015 amounted to more than 3462 real estate and the treatment of what has been achieved in 2014 amounted to 3339 transaction, the anticipated increase in the number of property transactions during the year by between 20% to 25%.
Value actions
The value of conduct for real estate units located in freehold projects in the emirate during the first quarter of this year, about 140 million dirhams, while it reached in the same period last year, 98 million, an increase of up to 38% while the actions real estate in the first quarter of 2014 approximately AED 92 million.
The report said that the institution has completed the establishment of associations of owners of nine projects, including Rashidiya, Falcon, Horizon, Creek, Nuaimiya, Corniche, Garden City, Ajman One, Lavender Tower.
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