In May 2024, the Department of Land and Real Estate Regulation in Ajman completed 169 real estate valuation processes worth more than AED 729.5 million.
Ahmed Khalfan Al Shamsi, Director of Real Estate Registration, explained that the valuation included commercial, residential, industrial, and agricultural units, with commercial property accounting for the largest share, AED437.2 million, up 197% from April 2024 and outpacing industrial properties, which had a total value of AED148.45 million.
Al Shamsi noted that the May report included individual valuation transactions, valuations for courts and institutions, and valuations for long-term golden residency visas for investors, totaling 142 processes and exceeding AED334 million in value, a 33% increase over the previous month.