UAE: 50% surge in lease contracts in Ajman as residents move to beat rising rents in Dubai, Sharjah
Ajman is becoming a favoured choice among residents and investors, as evidenced by a remarkable 50 per cent increase in lease contracts for 2024.
The Ajman Municipality and Planning Department reported a total rental transaction value of Dh4.929 billion, reflecting growth of Dh1.646 billion compared to 2022. This surge has sparked enthusiasm among those who recently relocated to Ajman, who highlight the emirate's affordability, modern facilities, and rich community life.
Abdul Rahman Al Nuaimi, Director General of Ajman Municipality and Planning Department, stated that Ajman is rapidly establishing itself as a premier destination for residents, visitors, and investors. He emphasised that the emirate offers all the essential elements for a secure and ideal living environment. He also noted that Ajman's modern amenities and facilities play a crucial role in attracting visitors looking for distinctive experiences.
Christine Adolf, who moved from Dubai to the Yasmine area of Ajman in October 2023, shared her thoughts: " Ajman, for me and my father, is such a beautiful place to be! Very affordable and offers great value for cost." She also said that if she had a remote or freelance job, it would definitely be her place to stay.
"People are so kind, and numerous events, restaurants, and home shopping options exist, including many 1-dirham stores. The Al Yasmine area where I used to live has developed significantly, attracting many people from all over the UAE with easy payment plans of 7 years plus zero interest," she added.
For Khaled Abdul Salam, moving to Ajman from Sharjah in January 2024 was a decision he made based on the advice of many friends for several reasons, the most notable being the significant development the city has witnessed in terms of infrastructure and services.
"You can find all your needs in the city through the numerous shopping centres without visiting other cities in the UAE. Additionally, there are recreational areas for children and families," he said.
Khaled decided to verify this himself through repeated trips to the city before making his decision, and he was indeed surprised by Ajman's amazing development level in just a few years.
"When I began the process of moving to my new residence in Ajman, another surprise for me was the smoothness of the procedures and the completion of transactions, most of which were done online. I dealt with extremely courteous, polite, and professional employees when personal attendance was required to complete the procedures. In fact, I find my decision to move to Ajman to be very wise." he added.
Abu Bakr Muhammad, a real estate consultant, mentioned that Ajman has become a key destination for investment in recent years, experiencing a significant rise in demand for residential and commercial properties. Competitive pricing and flexible payment plans make it attractive for buyers.
"The rental market has also seen growth, with reasonable prices and proximity to Dubai appealing to residents. Ajman is drawing local and international investors, supported by economic stability and diverse development projects, enhancing its status in the UAE's real estate landscape," he said.
The Director General of Ajman Municipality pointed out that the emirate's strategic geographic location, which serves as a vital link among the other emirates, has significantly boosted the demand for residential, commercial, and investment contracts. He expressed confidence in Ajman's continued progress in attracting investments and supporting development projects while ensuring sustainability and success across various sectors.
He also highlighted the emirate's flexible regulations that stimulate entrepreneurial growth. Furthermore, as part of its smart transformation initiatives, the municipality has streamlined transaction processes, enhancing efficiency in service delivery.
Ammar Abdul Karim Al Kayed, Director of the Rental Regulation Department, added that the attestation of all types of rental contracts — residential, commercial, and investment — has seen a substantial increase in 2024 compared to previous years.
The department successfully processed 100,236 residential contract transactions, 37,855 commercial contract transactions, and 269 investment contracts.
To improve customer experience, the Ajman Municipality and Planning Department continues to develop integration projects with relevant partners and implement electronic and smart systems for quicker transaction completion.
These advancements align with the Department's strategic goal of achieving balanced urban development and enhancing customer well-being in Ajman.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Business
5 days ago
- Arabian Business
Ajman real estate: Rental contract value up 41% to $369m in Q1
Ajman Municipality and Planning Department has reported significant growth in the value of rental contracts for the first quarter of 2025, reaching AED1.355bn ($369m). This represents a 41 per cent increase compared to the same period over the past three years. The growth underscores the success of the Ajman Vision 2030's objectives to foster a competitive business environment and an investment conducive climate, directly supporting strategic goals for enhancing the business climate and investment promotion. Ajman real estate Abdulrahman Mohammed Al Nuaimi, Director General of the Department, stated that the Emirate of Ajman continues to strengthen its position as a leading destination for sustainable development and is confidently advancing toward achieving quality of life and community well-being. He elaborated that this comprehensive value encompasses residential, commercial, and investment contracts, signalling strong confidence from both individuals and businesses in Ajman's appeal as a place to reside and invest. This is further bolstered by the emirate's flexible legislation and regulations and its digital transformation initiatives, which significantly streamline transactions for entrepreneurs. Noura Rashid Shataf, Executive Director of the Strategy and Customer Happiness Sector at the Department, stated that the Department adopts comprehensive plans for continuous improvement and development. Its skilled workforce leverages smart technologies and advanced systems to authenticate rental contracts and complete transactions swiftly and efficiently. She also revealed that the total number of transactions completed during the first quarter of 2025 amounted to 39,009 transactions, including: 28,520 residential contract transactions 10,422 commercial contract transactions 67 investment contract transactions
Zawya
7 days ago
- Zawya
Ajman's rental contract value soars 41% to $369mln in Q1-25
AJMAN – Ajman Municipality & Planning Department has reported significant growth in the value of rental contracts for the first quarter of 2025, reaching AED 1.355 billion. This represents a 41% increase compared to the same period over the past three years. The growth underscores the success of the Ajman Vision 2030's objectives to foster a competitive business environment and an investment conducive climate, directly supporting strategic goals for enhancing the business climate and investment promotion. Abdulrahman Mohammed Al Nuaimi, Director General of the Department, stated that the Emirate of Ajman continues to strengthen its position as a leading destination for sustainable development and is confidently advancing toward achieving quality of life and community well-being. This reinforces its standing among leading cities for investment and entrepreneurship. He elaborated that this comprehensive value encompasses residential, commercial, and investment contracts, signaling strong confidence from both individuals and businesses in Ajman's appeal as a place to reside and invest. This is further bolstered by the emirate's flexible legislation and regulations and its digital transformation initiatives, which significantly streamline transactions for entrepreneurs. For her part, Engineer Noura Rashid Shataf, Executive Director of the Strategy and Customer Happiness Sector at the Department, stated that the Department adopts comprehensive plans for continuous improvement and development. Its skilled workforce leverages smart technologies and advanced systems to authenticate rental contracts and complete transactions swiftly and efficiently. She also revealed that the total number of transactions completed during the first quarter of 2025 amounted to 39,009 transactions, including 28,520 residential contract transactions, 10,422 commercial contract transactions, and 67 investment contract transactions, reflecting continuous improvements in authentication procedures and user facilitation.
Khaleej Times
26-03-2025
- Khaleej Times
UAE: 50% surge in lease contracts in Ajman as residents move to beat rising rents in Dubai, Sharjah
Ajman is becoming a favoured choice among residents and investors, as evidenced by a remarkable 50 per cent increase in lease contracts for 2024. The Ajman Municipality and Planning Department reported a total rental transaction value of Dh4.929 billion, reflecting growth of Dh1.646 billion compared to 2022. This surge has sparked enthusiasm among those who recently relocated to Ajman, who highlight the emirate's affordability, modern facilities, and rich community life. Abdul Rahman Al Nuaimi, Director General of Ajman Municipality and Planning Department, stated that Ajman is rapidly establishing itself as a premier destination for residents, visitors, and investors. He emphasised that the emirate offers all the essential elements for a secure and ideal living environment. He also noted that Ajman's modern amenities and facilities play a crucial role in attracting visitors looking for distinctive experiences. Christine Adolf, who moved from Dubai to the Yasmine area of Ajman in October 2023, shared her thoughts: " Ajman, for me and my father, is such a beautiful place to be! Very affordable and offers great value for cost." She also said that if she had a remote or freelance job, it would definitely be her place to stay. "People are so kind, and numerous events, restaurants, and home shopping options exist, including many 1-dirham stores. The Al Yasmine area where I used to live has developed significantly, attracting many people from all over the UAE with easy payment plans of 7 years plus zero interest," she added. For Khaled Abdul Salam, moving to Ajman from Sharjah in January 2024 was a decision he made based on the advice of many friends for several reasons, the most notable being the significant development the city has witnessed in terms of infrastructure and services. "You can find all your needs in the city through the numerous shopping centres without visiting other cities in the UAE. Additionally, there are recreational areas for children and families," he said. Khaled decided to verify this himself through repeated trips to the city before making his decision, and he was indeed surprised by Ajman's amazing development level in just a few years. "When I began the process of moving to my new residence in Ajman, another surprise for me was the smoothness of the procedures and the completion of transactions, most of which were done online. I dealt with extremely courteous, polite, and professional employees when personal attendance was required to complete the procedures. In fact, I find my decision to move to Ajman to be very wise." he added. Abu Bakr Muhammad, a real estate consultant, mentioned that Ajman has become a key destination for investment in recent years, experiencing a significant rise in demand for residential and commercial properties. Competitive pricing and flexible payment plans make it attractive for buyers. "The rental market has also seen growth, with reasonable prices and proximity to Dubai appealing to residents. Ajman is drawing local and international investors, supported by economic stability and diverse development projects, enhancing its status in the UAE's real estate landscape," he said. The Director General of Ajman Municipality pointed out that the emirate's strategic geographic location, which serves as a vital link among the other emirates, has significantly boosted the demand for residential, commercial, and investment contracts. He expressed confidence in Ajman's continued progress in attracting investments and supporting development projects while ensuring sustainability and success across various sectors. He also highlighted the emirate's flexible regulations that stimulate entrepreneurial growth. Furthermore, as part of its smart transformation initiatives, the municipality has streamlined transaction processes, enhancing efficiency in service delivery. Ammar Abdul Karim Al Kayed, Director of the Rental Regulation Department, added that the attestation of all types of rental contracts — residential, commercial, and investment — has seen a substantial increase in 2024 compared to previous years. The department successfully processed 100,236 residential contract transactions, 37,855 commercial contract transactions, and 269 investment contracts. To improve customer experience, the Ajman Municipality and Planning Department continues to develop integration projects with relevant partners and implement electronic and smart systems for quicker transaction completion. These advancements align with the Department's strategic goal of achieving balanced urban development and enhancing customer well-being in Ajman.
