Real estate valuation in Ajman worth Dhs718 million in February

Eng. Omar Bin Omair Al Muhairi, Director-General of Ajman’s Department of Land and Real Estate Regulation, said that in February, there were 129 real estate valuation transactions in the emirate valued at around Dhs718 million, as detailed in the department’s monthly report.

He then highlighted the ongoing momentum in Ajman’s real estate market, citing remarkable performance and rising demand across all regions and property categories.

He also underscored a notable surge in commercial property value, marking a 44.7 per cent rise compared to January, with commercial assets leading in total valuation at Dhs568.4 million, while residential properties followed at Dhs101.4 million, and industrial assets at Dhs45.35 million.

Al Muhairi added that the valuation of golden residency properties for investors surged by 115 per cent from January, totalling 102 transactions valued at Dhs341 million. This highlights the rapid growth and extensive interest in real estate investments resulting from the emirate’s many competitive advantages and diverse attractions.

The Ajman Competitiveness Office of the Department of Economic Development in Ajman (Ajman DED) announced its contract with JLL, the leading international institution in the field of real estate services and investment management, to anticipate the future of the real estate sector in Ajman, enhance its competitiveness, and create new opportunities for success, by developing pioneering capabilities and capacities characterised by innovation, proactiveness and flexibility.

This comes in line with the Ajman’s strategy aimed at supporting economic growth, enhancing the attractiveness of investment in various sectors, especially the real estate sector.

The results of the study will contribute to drawing a road map for the future of its real estate sector at the regional and international levels

Abdullah Ahmed Al Hamrani - Director General of the Ajman DED, said: “We always strive to achieve sustainable economic development and support the Ajman’s competitiveness in all sectors, and reach our goals in cooperation with various partners at the local and international levels, and we look forward to working with JLL to in-depth evaluation comprehensive of the reality of the real estate market, which annually contributes about 30 per cent to the GDP of Ajman, based on innovative and smart methods and process of work that take into account the characteristics of the green economy that are concerned with the environment and social well-being, to ensure the creation of an integrated system of future policies and strategies that serve the sector and enable it to continue to thrive. growth and prosperity.”