Page 181 - AJMAN TOURISM PR REPORT - December 2024 FLIP

12/27/24, 1:50 PM 173 real estate transactions in Ajman: $162.8 million total and 88
173 real estate transactions in Ajman: $162.8 million total and 88 percent yearly growth
Residential properties were valued at $81.8 million, surpassing commercial properties at
over $55.5 million

In August 2024, Ajman saw a total of 1,264 real estate transactions, accumulating over AED1.57 billion ($427.4 million) in
value.
Published: Tue 24 Dec 2024, 12:43 PM
The Department of Lands and Real Estate Regulation in Ajman has reported that 173 real estate
valuation transactions took place in November, amounting to AED598 million ($162.8 million).
This represents a remarkable increase of 88 percent compared to the same month last year.
Overview of property types
Omar bin Omair Al Muhairi, director-general of the Department, highlighted that the valuations
encompassed a variety of property types, including commercial, residential, and industrial sectors.

Valuation breakdown by sector
He noted that residential properties made up the largest portion, with a total valuation of AED300.6
million ($81.8 million), outpacing commercial properties, which were valued at more than AED204
million ($55.5 million). Industrial properties came in third, with a total value of AED82.5 million.
Inclusion of diverse valuation transactions
Additionally, he elaborated that the real estate valuation report for November included personal
valuation transactions, assessments for courts and institutions, as well as evaluations related to long-
term Golden Visas for investors. The latter category accounted for 156 transactions, collectively
valued at over AED494 million.
In August 2024, Ajman saw a total of 1,264 real estate transactions, accumulating over AED1.57
billion ($427.4 million) in value.

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