The northern emirate of Ajman has recorded a notable increase in the number of real estate valuation transactions during the first quarter of this year, with growth reaching 63%, totalling AED2.92 billion ($795 million) across 961 transactions, reported Wam, citing a senior government official.

The valuation transactions for real estate project units reached 293 transactions, with a total value of AED188.2 million, up 71% compared to the same period last year, stated Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation.

The data in the quarterly real estate report reflects the positive performance of Ajman’s real estate market and highlights the growing volume of investments, supported by a competitive environment and a flexible investment strategy that enhances investor confidence in the emirate. 

Al Muhairi said the registration of 434 real estate valuation transactions related to investor Golden Residencies stood at a total value of AED767.7 million.

Commercial property valuation transactions reached 115, marking a 42% increase, with a total value of AED1.6 billion. These were followed by residential properties valued at AED823.8 million, and then industrial properties with a total of AED285.6 million, he added.