23 Property, fixtures and equipment

	Freehold land	Rights of use assets	Building	Furniture, fixtures and equipment	Motor vehicles		Computer hardware and software	Capital work-in-progress	Total
	AED’000	AED’000	AED’000	AED’000	AED’000		AED’000	AED’000	AED’000
Cost:
At 1 January 2023	20,000	510	55,000	39,415	3,098		59,296	32,137	209,456
Additions during the year	3,714	–	1,443	12,076	–		15,318	(20,168)	12,383
Disposal	–	(510)	–	–	–		–	–	(510)
At 31 December 2023	23,714	–	56,443	51,491	3,098		74,614	11,969	221,329
At 1 January 2024	23,714	–	56,443	51,491	3,098		74,614	11,969	221,329
Additions during the year	–	–	–	4,742	–		3,416	899	9,057
Reclassification	–	–	–	1,619	–		–	(1,619)	–
Disposal	–	–	–	–	–		–	–	–
Transfer	–	–	(512)	–	–		3,033	(3,033)	(512)
At 31 December 2024	23,714	–	55,931	57,852	3,098		81,063	8,216	229,874

	Freehold land	Rights of use assets	Building	Furniture, fixtures and equipment		Motor vehicles		Computer hardware and software	Capital work-in-progress	Total
	AED’000	AED’000	AED’000	AED’000		AED’000		AED’000	AED’000	AED’000
Accumulated depreciation:
At 1 January 2023	–	149	7,028	38,683		1,870		56,057	–	103,787
Charge for the year	–	256	882	327		344		5,140	406	7,355
Release on disposals	–	(405)	(3,221)	–		–		–	–	(3,626)
Transfers		–	(3,651)	–		–		–	–	(3,651)
At 31 December 2023	–	–	1,038	39,010		2,214		61,197	406	103,865
At 1 January 2024	–	–	1,038	39,010		2,214		61,197	406	103,865
Charge for the year	–	–	1,991	3,648		394		4,736	2,434	13,203
Reclassification	–	–		–		–		–	–	–
Disposal	–	–		–		–		–	–	–
Transfer	–	–	(533)	–		–		–	–	(533)
At 31 December 2024	–	–	2,496	42,658		2,608		65,933	2,840	116,535
Net book value:
At 31 December 2023	23,714	–	55,405		12,481	884	13,417		11,563	117,464
At 31 December 2024	23,714	–	53,435		15,194	490	15,130		5,376	113,339

*Out of total depreciation expense of AED 13,203 thousands (2023: AED 7,355 thousands), AED 2,786 (2023 : AED 787 thousands) for the year has been classified to insurance expense.