Omar bin Omair Al Muhairi, the Director-General of the department overseeing real estate activities in Ajman, has announced a remarkable surge in property valuations for the month of July.

 A total of 220 valuation transactions were recorded, marking a substantial 201 percent growth compared to June.

This dramatic rise was observed across various sectors including commercial, residential, and industrial properties. Notably, commercial assets accounted for the largest segment at AED943 million ($256 million).

Residential properties followed with valuations amounting to AED198 million ($54 million), while industrial properties occupied the third spot with AED336 million ($91 million).

Ajman's Thriving Real Estate Market

Al Muhairi pointed out that this report encompassed personal valuation transactions as well as those required by courts and institutions. Additionally, it included evaluations related to long-term Golden Residency permits.

These categories alone represented 195 transactions totaling more than AED1.3 billion ($354 million), reflecting an impressive 273 percent uptick.