His Excellency Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, announced that the number of real estate evaluation transactions during the month of February reached 129 transactions with a total value estimated at about 718 million dirhams, according to the results of the monthly real estate report.

He explained that the Ajman real estate market continues its positive activity and is achieving exceptional numbers and increasing demand in all regions of the emirate and for various types of real estate, stressing that the value of commercial real estate increased by 44.7% compared to last January and received the largest share of the total valuation value at 568.4 million dirhams, ahead of residential real estate, which Its value amounted to 101.4 million dirhams, while industrial real estate came third with 45.35 million dirhams.

The Director General of the Department of Land and Real Estate Regulation added that the value of the evaluation of golden residency permits for investors increased by 115% compared to last January, as the number reached 102 transactions with a total of 341 million dirhams, indicating that investments in the real estate sector are witnessing rapid growth and wide demand due to the many competitive advantages and various attraction factors in the Emirate.

Al Muhairi said that the monthly real estate report also included personal evaluation transactions and the evaluation of courts and institutions, stressing that the Department of Land and Real Estate Regulation is always keen to develop work methods and use innovative modern tools in order to enhance the transparency of the real estate market and preserve the rights of owners and traders.