Property valuations linked to the UAE’s Golden Visa programme played a key role in boosting Ajman’s real estate activity last month, with investor-related transactions accounting for a large share of the total value.
Golden Visas for real estate investors in Ajman
According to the Department of Land and Real Estate Regulation in Ajman, 195 real estate valuation transactions in July were related to long-term Golden Residency permits. These transactions were valued at over Dhs1.3 billion — a 273% increase compared to June.
Omar bin Omair Al Muhairi, Director-General of the Department, confirmed the data, stating: “Valuations related to long-term Golden Residency permits for investors accounted for 195 transactions, with a total value exceeding AED1.3 billion, reflecting a significant increase of 273%.”
Strong monthly growth
In total, 220 property valuation transactions were recorded in July, reaching Dhs1.48 billion in value — a 201% rise from the previous month.
“The month of July witnessed 220 real estate valuation transactions, with a total value amounting to Dhs1.48 billion, reflecting a notable growth of 201% compared to the month of June,” said Al Muhairi.
The report highlighted that commercial properties represented the largest share of valuations, totalling Dhs943 million. Residential properties followed at Dhs198 million, while industrial valuations reached Dhs336 million.
The department clarified that July’s valuations covered personal, court-related, and institutional requests, in addition to those linked to investor residency permits.
tanvir@dubainewsweek.com
