According to Amac News: Based on the AJMA announcement, this represents a significant increase of 88 percent compared to the same period last year.
Omar bin Umair Al Mahraei, Director-General of the Authority, stressed that these valuations included commercial, residential and industrial properties.
He added that residential properties accounted for the largest share, reaching a value of AED 300.6 million, while commercial properties came in second with a value of over AED 204 million and industrial properties came in third with a total valuation of AED 82.5 million.
He added that the property valuation report for November included personal valuation transactions, valuations for courts and institutions, as well as valuations for long-term golden visas for investors. The latter included 156 transactions worth over AED 494 million.