Statistics included in the Real Estate Report issued by the Department of Land and Real Estate Regulation in Ajman revealed the completion of 142 real estate valuation transactions during last August with a total value exceeding AED 2.25 billion, a record increase of more than 266% compared to last July.

His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the valuation operations included commercial, residential, industrial and agricultural properties, where the commercial properties received the largest share of the total valuation value of AED 1.97 billion, ahead of industrial properties, which total value amounted to AED 158 million, while residential properties came in third with AED 119 million.

The Director General of the Department of Land and Real Estate Regulation explained that the August report included personal evaluation transactions, evaluations of courts and institutions, as well as evaluations of long-term golden residencies for investors, which numbered 118 transactions and exceeded 407 million dirhams in total value, an increase of 8.8% compared to last July.