Neelum Valley (also spelled Neelam Valley) (Urdu: وادیِ نیلم ) is a 144 km long bow-shaped thick forested region in Azad Jammu and Kashmir in Pakistan Administered Kashmir. It is named after the Neelum river, which flows through the length of the valley.
The valley is situated in the north-east of Muzaffarabad, running parallel to Kaghan Valley. The two valleys are only separated by snow-covered peaks, some over 4,000 meters (13,000 ft) above sea level.
The valley is connected from Muzaffarabad by Neelam road, which leads up to Kel. The road condition from Muzaffarabad to Athmuqam is very good and suitable for any kind of transport. From Keran to Kel road condition is not well and not suitable for low floor vehicles. In winters road onward Keran is blocked due to heavy snowfall and it is very difficult to reach upper parts of the valley.