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Ajman real estate valuation surpasses $198 million in May 2024

Commercial properties led the way at $119 million (AED 437.2 million), reflecting a 197% increase

Ajman real estate valuation surpasses $198 million in May 2024

In May 2024, the Department of Land and Real Estate Regulation in Ajman successfully concluded 169 real estate valuation procedures, totalling over $198 million (AED729.5 million). This included valuations for individual transactions, as well as for courts, institutions, and long-term golden residency visas for investors. Specifically, there were 142 valuation processes for investors seeking residency visas, surpassing $91 million (AED334 million) in total value. This marked a notable 33 per cent increase from the previous month.

According to the Director of Real Estate Registration, Ahmed Khalfan Al Shamsi, the valuation included a range of property types such as commercial, residential, industrial, and agricultural units. Commercial properties had the highest value at $119 million (AED437.2 million), showing a significant increase of 197% compared to April 2024. This surpassed industrial properties which had a total value of $40.45 million (AED148.45 million).