Ajman real estate valuations reached AED 729.5 million ($199 million) in May 2024, driven by a remarkable surge in commercial property activity. The Department of Land and Real Estate Regulation in Ajman completed 169 valuation processes during the month, underscoring the emirate's sustained growth across all property segments.
Commercial Property Drives Ajman Real Estate Valuations
Ahmed Khalfan Al Shamsi, Director of Real Estate Registration, confirmed that the valuations covered commercial, residential, industrial, and agricultural property types.
Commercial real estate was the standout performer, reaching AED 437.2 million ($119 million) — a 197% increase compared to April 2024 figures. Industrial properties followed at AED 148.45 million ($40.4 million), while residential and agricultural valuations rounded out the sector's broad-based activity.
Golden Residency Visa Transactions Add AED 334 Million
Beyond standard property valuations, the May report captured 142 specialised transaction types: individual partner stock valuations, court-ordered assessments, institutional evaluations, and long-term valuations for investors seeking UAE golden residency visas.
These 142 processes collectively exceeded AED 334,473,825 ($91.2 million) in total value — a 33% increase compared to April 2024 — demonstrating strong investor confidence in Ajman's property market.
Ajman Real Estate Sector Continues Broad Growth
The scale of May's activity reflects a property market operating across multiple channels simultaneously. The Department of Land and Real Estate Regulation's mandate covers not only standard buy-and-sell transactions but also valuations required for legal proceedings, corporate restructuring, and residency visa applications — giving Ajman's market a depth that goes beyond headline transaction numbers.
With commercial valuations nearly tripling month-on-month and investor-linked activity up by a third, May 2024 marked a strong milestone for Ajman real estate ahead of the second half of the year.
