Ajman's real estate valuations hit Dhs414.2 million in August

The Department of Land and Real Estate Regulation in Ajman reported completing 155 real estate valuation transactions in August with a total value exceeding Dhs414.2 million.

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Omar Bin Omair Al Muhairi, Director-General of the Department, said the valuations covered residential, commercial and industrial properties, with residential properties accounting for the largest share at Dhs168 million, followed by commercial properties at Dhs158.7 million.

He added that the August report also included personal valuations, court and institutional requests, and valuations linked to long-term golden residency permits for investors, which reached 107 transactions with a total value of Dhs177.85 million.

Meanwhile the value of real estate transactions in Ajman during August reached Dhs1.9 billion, marking a growth of 21 per cent compared to the same period in 2024, according to the Real Estate Report issued by the Department of Land and Real Estate Regulation.

Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, stated that the number of real estate transactions in August amounted to 1,389, while the number of real estate trading reached 1,116, with a total value exceeding Dhs1.39 billion.

He added that 214 mortgage transactions were registered in August with a total value surpassing Dhs285 million.