Please ensure Javascript is enabled for purposes of website accessibility AED 615 million Total Real Estate Valuation in Ajman during July 2024 - Department of Land and Real Estate Regulation

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AED 615 million Total Real Estate Valuation in Ajman during July 2024

August 9th, 2024 News,Latest News

AED 615 million Total Real Estate Valuation in Ajman during July 2024

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His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Lands and Real Estate Regulation, confirmed that the number of Real estate valuation transactions during the past month of July amounted to 194 transactions, with a total of AED 615 million, with a remarkable growth exceeding 42.7% compared to last June.

He explained that the valuation operations included commercial, residential and industrial properties, with commercial properties receiving the largest share of the total valuation value of AED 338 million, ahead of residential properties, which total value amounted to AED 179 million.

The Director General of the Department of Lands and Real Estate Regulation indicated that the July report included personal valuation transactions and valuations for courts and institutions, in addition to valuations for long-term golden residencies for investors, which numbered 177 transactions, with an increase of 45.7%, while their total value amounted to AED 374 million, achieving a growth exceeding 47.8% compared to last June.

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