The Director-General of the Department of Land and Real Estate Regulation in Ajman, Omar bin Omair Al Muhairi, has disclosed that 400 real estate valuation transactions totaling more than AED1.92 billion were registered in the most recent quarterly real estate report.
Al Muhairi emphasized a noteworthy uptick in transactions related to personal valuation, signifying a 129% rise in comparison to the corresponding period in 2023. Notably, 277 real estate valuation transactions totaling AED 669 million for investor golden visas were recorded by the department.
He clarified that the numbers from Q1 2024 show the real estate market in Ajman’s continuous momentum. The market is continuing to rise because of the emirate’s economic amenities, a welcoming investment climate, a variety of attractions, and incentives for business owners and investors.
The value of valuation transactions for commercial real estate increased by 10.34%, to surpass AED1.4 billion, the total value of residential real estate transactions, which was AED317.5 million. Third place went to AED 164 million in industrial real estate transactions.
