Department of Land and Real Estate Regulation in Ajman completed 169 real estate valuation processes during May 2024 with a total value exceeding AED729.5 million ($198 million).

Ahmed Khalfan Al Shamsi, Director of Real Estate Registration, explained that the valuation covered commercial, residential, industrial, and agricultural units, with commercial property accounting for the largest share, AED437.2 million, up 197% compared to April 2024 and surpassing industrial properties, which had a total value of AED148.45 million.

Al Shamsi pointed out that the May report included individual valuation transactions, valuations for courts and institutions, and valuations for long-term golden residency visas for investors, which numbered 142 processes and exceeded AED334 million in total value, representing a 33% increase compared to the previous month. – TradeArabia News Service