The Department of Land and Real Estate Regulation in Ajman completed 173 real estate valuation transactions during November, with a total value of AED 598 million, a significant increase of 88% compared to the same period last year.
Engineer Omar bin Omer Al-Muhairi, Director General of the Department, confirmed that the valuation operations included commercial, residential, and industrial real estate. Residential real estate received the largest share of the total valuation value at a rate of AED 300.6 million, ahead of commercial properties, which exceeded a total value of AED 204 million, while industrial real estate ranked third with AED 82.5 million.
He explained that the November report on real estate valuation included the personal evaluation and evaluation transactions of courts and institutions and the evaluation of long-term gold residences for investors, which amounted to 156 transactions, and exceeded a total value of 494 million dirhams.