The Department of Land and Real Estate Regulation in Ajman recorded 400 real estate valuation transactions with a total value exceeding 1.92 Billion Dirhams during the first quarter of 2024.
Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, said that the data contained in the quarterly real estate report showed that personal evaluation transactions increased by 129% compared to the same period in the year 2023, while the department recorded 277 real estate evaluation transactions for investors’ golden residencies 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 attractions, 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%, 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, pointing out that the quarterly real estate report also included personal evaluation transactions and the evaluation of courts and institutions.