According to the Real Estate Regulatory Agency (Rera), in Ajman where is the smallest toen of UAE, real estate transactions by Asian and European foreigners reached $2,9 billion (Dh11 billion) in 2015.

According to the Shaikh Abdul Aziz Bin Humaid Al Nuaimi,the chairman of Rera, said that 4,032 units were sold in seven completes real estate developments.The total sales increased by 27 percent in 2015 compared to the last year.

The biggest investors were Asian and European buyers in 2015.Kuwaitis and saudis followed foreign investors.Al Nuaimi ecpects increase in real estate transactions in the mid-2016.

Source: http://gulfnews.com/