In a remarkable development, the Ajman real estate evaluation transactions surged by an impressive 201% in July, reaching a total value of AED 1.48 billion. This significant growth underscores the dynamic nature of the real estate sector in Ajman, reflecting both increased investment activity and a robust market environment.
Transaction Growth in Ajman
During July, Ajman experienced a notable increase in real estate evaluation transactions, with a total of 220 transactions contributing to a substantial increase of 201% compared to June. The overall valuation of these transactions reached AED 1.48 billion, demonstrating a strong rebound in the market.
Sector Breakdown of Evaluations
According to Engineer Omar bin Umair Al-Muhairi, General Director of the Department of Land and Real Estate Regulation in Ajman, various property types were evaluated. Commercial properties took the lion’s share, amounting to AED 943 million. This was followed by residential properties, valued at AED 198 million, and industrial properties, which contributed AED 336 million to the total.
Personal Evaluations and Long-Term Residency
The July report highlighted personal evaluation transactions, court-related evaluations, and those linked to long-term golden residencies for investors. This category alone featured 195 transactions with a cumulative value exceeding AED 1.3 billion, marking a substantial increase of 273% compared to the previous month.
This remarkable trend in the real estate evaluation sector in Ajman illustrates how the market is evolving and adapting to new investment opportunities. As more investors explore potential ventures, the outlook for real estate evaluations continues to be optimistic.
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