Real estate valuation in Ajman totals AED598 million in November 2024

The Department of Lands and Real Estate Regulation in Ajman announced that 173 real estate valuation transactions were recorded in November, totalling AED598 million and marking a significant increase of 88 percent compared to the same period last year.

Omar bin Omair Al Muhairi, Directo-General of the Department, emphasised that the valuations covered commercial, residential, and industrial properties.

He said that residential properties accounted for the largest share, with a total value of AED300.6 million, surpassing commercial properties valued at over AED204 million, while industrial properties ranked third, with a total valuation of AED82.5 million.

He also explained that the November real estate valuation report included personal valuation transactions, valuations for courts and institutions, as well as evaluations for long-term Golden Visas for investors. The latter accounted for 156 transactions, with a total value exceeding AED494 million.