1.92 billion dirhams, the total real estate valuation in Ajman during the first quarter
Ajman, 1st May / WAM / His Excellency Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the data contained in the quarterly real estate report indicated that 400 real estate valuation transactions were recorded with a total value exceeding 1.92 billion dirhams.
He said that personal evaluation transactions increased by 129 percent compared to the same period in 2023, while the department recorded 277 real estate evaluation transactions for golden residences for investors, with a total of 669 million dirhams.
He explained that the numbers recorded during the first quarter of this year reflect the continued momentum of the Ajman real estate market, which maintains its upward trajectory in light of the appropriate investment environment and various attraction factors, as well as the economic facilities and incentives that the emirate provides to entrepreneurs and investors.
Al Muhairi pointed out that commercial real estate valuation transactions increased by 10.34 percent, with a total value exceeding 1.4 billion dirhams, ahead of residential real estate, which amounted to 317.5 million dirhams, while industrial real estate came third at 164 million dirhams, indicating that the quarterly real estate report also included personal evaluation transactions. And evaluation of courts and institutions.
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