Ajman’s Real Estate Valuation Reaches $523 Million in Q1 2024

Ajman’s Real Estate Valuation Reaches $523 Million in Q1 2024

The Department of Land and Real Estate Regulation in Ajman, led by Director-General Omar bin Omair Al Muhairi, reported that 400 real estate valuation transactions amounting to over AED1.92 billion were completed in the first quarter of 2024.

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Al Muhairi highlighted a substantial increase in personal valuation transactions, marking a 129% rise compared to the same period in 2023. The department also recorded 277 real estate valuation transactions worth AED 669 million for investor golden visas.

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He noted that Ajman’s real estate market continues to show strong growth, fueled by the emirate’s economic advantages, investor-friendly climate, diverse attractions, and incentives for entrepreneurs and investors.

Commercial real estate valuation transactions saw a 10.34% increase, exceeding AED1.4 billion. Residential real estate transactions totaled AED317.5 million, while industrial real estate transactions reached AED164 million, placing them third in value.

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