Ajman Real Estate Market Sees Surge in Valuations Worth AED729.5 Million in May
The Department of Land and Real Estate Regulation in Ajman completes 169 real estate valuations worth over AED729.5 million in May, indicating a strong growth in the emirate's property market.
Real EstateAjmanProperty MarketValuationsUaeReal Estate NewsJun 18, 2024
The Department of Land and Real Estate Regulation, responsible for overseeing the real estate sector in Ajman, has been working diligently to ensure that all valuations are conducted in a transparent and efficient manner. The completion of 169 valuations in a single month is a clear indication of the department's commitment to supporting the growth of the real estate industry in the emirate.
The AED729.5 million worth of valuations is a significant figure, highlighting the increasing demand for properties in Ajman. The emirate's strategic location, affordable prices, and state-of-the-art infrastructure have made it an attractive destination for investors and homebuyers alike.
The real estate market in Ajman has been experiencing a steady growth in recent years, driven by the government's efforts to create a business-friendly environment and attract foreign investment. The emirate's vision to become a hub for trade, tourism, and industry has led to an influx of new projects, including residential, commercial, and industrial developments.
The Department of Land and Real Estate Regulation's achievement is expected to have a positive impact on the overall economy of Ajman, creating new job opportunities and stimulating economic growth.
Information
The Department of Land and Real Estate Regulation in Ajman is a government agency responsible for regulating the real estate sector in the emirate. The department's primary objective is to ensure that all real estate transactions are conducted in a transparent and efficient manner, protecting the rights of investors and homebuyers.
The Government of Ajman is committed to creating a business-friendly environment, attracting foreign investment, and promoting economic growth in the emirate. The government's vision is to make Ajman a hub for trade, tourism, and industry, creating new job opportunities and stimulating economic growth.
Frequently Asked Questions
What is the total value of real estate valuations completed in Ajman in May 2024?
AED729.5 million
How many real estate valuations were completed in Ajman in May 2024?
169
What is the primary objective of the Department of Land and Real Estate Regulation in Ajman?
To ensure that all real estate transactions are conducted in a transparent and efficient manner, protecting the rights of investors and homebuyers.
What has driven the growth of the real estate market in Ajman?
The government's efforts to create a business-friendly environment and attract foreign investment.
What is the vision of the Government of Ajman?
To make Ajman a hub for trade, tourism, and industry, creating new job opportunities and stimulating economic growth.
Related News Articles
India's Office Leasing Market to Witness Record Growth in 2024
Bengaluru, Mumbai, and Hyderabad lead the charge, accounting for nearly two-thirds of the total space absorption across nine major cities in India.
Luxury Real Estate Market Remains Unfazed by Indexation Changes, Says DLF
India's top real estate developer, DLF, reports no slowdown in luxury residential market despite recent budget changes, with plans to launch new high-end projects.
Wave Group to Launch 9,000 Flats in Wave City, Ghaziabad Amid Strong Housing Demand
Wave Group plans to launch 7 million square feet of premium and affordable housing in Wave City, Ghaziabad, with 8,000-9,000 apartments.
HDFC Capital and Eldeco Join Forces to Develop Affordable Housing in Tier-II Cities
HDFC Capital is set to invest Rs 1.5k crore in a platform with Eldeco to develop affordable housing projects in smaller towns, aiming to tap into the growing demand for homes in tier-II cities.
Andrew Ng's AI Fund Invests in India's Healthcare with AI-Driven Firm Jivi
AI pioneer Andrew Ng's fund has made its first investment in India's healthcare sector by backing Jivi, an AI-driven firm. This marks a significant step in leveraging advanced technology to improve healthcare outcomes in the country.
Maharashtra Thinktank Shake-up: Ajay Ashar Removed from Deputy Chairperson Role
Ajay Ashar, a prominent real estate developer and one of the two deputy chairpersons of the Maharashtra cabinet's thinktank, has been removed from his position. This significant move comes as a result of the ongoing political dynamics within the state gov