The Real estate Report issued by the Department of Land and Real Estate Regulation in Ajman revealed the completion of 173 real estate valuation transactions during the month of  November, with a total value of AED 598 million, a significant increase of more than 88% compared to the same period last year.

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 and industrial properties, with residential properties receiving the largest share of the total valuation value of AED 300.6 million, ahead of commercial properties, which total value exceeded AED 204 million, while industrial properties came in third with AED 82.5 million.

The Director General of the Department of Land and Real Estate Regulation explained that the November report included personal valuation transactions, valuations for courts and institutions, in addition to valuations for long-term golden residencies for investors, which numbered 156 transactions and their total value exceeded AED 494 million.