AJMAN (WAM)
The Department of Lands and Real Estate Regulation in Ajman announced that 173 real estate valuation transactions were recorded in November, totalling Dh598 million and marking a significant increase of 88 percent compared to the same period last year.
Director-General of the Department, Omar bin Omair Al Muhairi, emphasised that the valuations covered commercial, residential, and industrial properties.
He said that residential properties accounted for the largest share, with a total value of Dh300.6 million, surpassing commercial properties valued at over Dh204 million, while industrial properties ranked third, with a total valuation of Dh82.5 million.
He also explained that the November real estate valuation report included personal valuation transactions, valuations for courts and institutions, as well as evaluations for long-term Golden Visas for investors.
The latter accounted for 156 transactions, with a total value exceeding Dh494 million.