Ajman real estate rents reached $1.3bn last year
The value of lease contracts recorded a growth of AED1.646bn ($448m), with an increase of 50.13 per cent compared to 2022, according to the Department's 2024 Annual Report.
Abdul Rahman Mohammed Al Nuaimi, Director General of Ajman Municipality and Planning Department, confirmed that the Emirate has become a leading city that attracts residents, visitors, and investors, as it has all the elements that provide an ideal and safe living environment.
Ajman real estate rents
He added that the Emirate has become a preferred destination for visitors thanks to its amenities and modern facilities that guarantee a unique experience for visitors.
He explained that the value of residential lease contracts for the past year, 2024, amounted to AED2.647bn ($721m), while commercial contracts recorded a growth of AED2.15bn ($585m).
Investment contracts reached AED266m ($72.4m), which reflects that there is a growing demand for housing in the Emirate, in addition to a remarkable recovery in the commercial sector, as well as attractiveness of the Emirate's for quality investing.
Al Nuaimi noted that Ajman continues in its strong progress in attracting investments and supporting development projects, while ensuring its sustainability and success across all sectors.
He added that the Emirate's strategic geographic location, being a key link between the other emirates, has played a significant role in increasing demand for residential, commercial, and investment contracts.
He highlighted the directives of Ajman's wise Leadership, which places great importance on encouraging both citizens and investors by providing all kinds of support and facilities.
He emphasised that the Emirate's legislation and regulations are flexible and provide a stimulating environment for entrepreneurs.
As part of the Emirate's smart transformation, these initiatives have significantly contributed to accelerating transaction processing and providing services with high efficiency.
He added that Ajman Municipality and Planning Department continues to improve customer experience, thanks to its qualified staff who have worked towards developing integration projects with relevant partners and launching electronic and smart systems that contribute to completing transactions in a very short time.
He explained that these efforts are in line with the Department's strategic goal of achieving Balanced Urban Development and improving the wellbeing of customers in Ajman.
Ammar Abdul Karim Al Kayed, MPDA's Director of Rental Regulation Department, explained that the attestation of all types of rental contracts, including residential, commercial, and investment contracts, witnessed a significant increase during the last year, 2024, compared to 2022 and 2023, as the cadres completed:
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
4 hours ago
- Al Etihad
Nepal waives climbing fees for 97 mountain peaks to lure mountaineers
13 Aug 2025 14:13 KATHMANDU (AGENCIES)Nepal will waive climbing fees for nearly 100 peaks in the remote northwestern Himalayas for the next two years to try and lure more mountaineers to the less developed region bordering China, an official said on country has opened 491 of its peaks but climbers typically focus on around 25 in the northeast and central parts of Nepal, including the world's highest peak Mount Everest, which hundreds scale every Department official Himal Gautam said the decision to waive permit fees to 97 peaks, ranging from 5,870 metres (19,258 feet) to 7,132 metres (23,398 feet) in Nepal's Karnali and Far Western provinces, was aimed at promoting mountaineering on smaller mountains in remote areas."The idea is to encourage climbers to go to unexplored yet scenic areas and mountain peaks," Gautam told in the year, Nepal had increased the fees from September for permits to $350 for a smaller mountain, from a previous $250, to $15,000 for Everest from $11, said the permit fee waiver would help promote tourism and improve economic conditions for people in the least developed areas of climbing and trekking are the main attractions for tourists and a key source of income and employment in the is home to eight of the world's 10 highest peaks and welcomes hundreds of climbers every year during the spring and autumn climbing seasons. The fee waiver announcement follows a busy spring climbing season during which the government issued 1,168 climbing permits. Over half of the permits were for peaks above 8,000 metres, including Everest, the tallest in the world at 8,849 metres.
Sharjah 24
8 hours ago
- Sharjah 24
Ghaya Pharmaceuticals: pillar of social responsibility in Sharjah
These efforts embody an ideal model of constructive cooperation between private institutions and government agencies in serving the community and promoting social cohesion. In this context, Hessa Al Hammadi, Director of the Department of Community Cohesion Department at SSSD, praised Ghaya Pharmaceuticals' contribution and efforts in supporting the department's social responsibility projects. Societal role Al Hammadi added that SSSD is proud to partner and integrate with Ghaya Pharmaceuticals and appreciates its prominent role in supporting the social and humanitarian initiatives for the department's projects. The continuation of this cooperation confirms the company's awareness of its societal and developmental role and reflects its true commitment to the values of giving and responsibility. The Director of the Department of Community Cohesion emphasised that community support is not measured by the amount of money provided, but rather by the value of the initiative itself and its impact. She noted that companies' keenness to provide any type of support, even small, reflects their awareness of their role in society. Effective community initiatives begin with a sense of responsibility, not the size of the contribution. Al Hammadi affirmed that the Department believes that concerted efforts between various sectors are the best way to enhance community cohesion and achieve sustainable development. She added that SSSD is keen to build long-term partnerships with institutions that believe in its mission and contribute to bringing about positive change in the lives of individuals and families, noting that such initiatives represent a true investment in people and society. Integration in consolidation of efforts For her part, Maryam Al Salman, Director of Social Responsibility Projects at the Department, emphasised that Ghaya Company is one of the most prominent companies supporting the Department's projects over the past years, and has continued its commitment to supporting a group of qualitative initiatives implemented this year that address the needs of various segments of society and achieve a tangible impact in improving quality of life. Al Salman stated that among the initiatives the company contributed to were supporting the "Sharjah Heritage Days" event by providing 25 wheelchairs for use by the elderly and people with disabilities during the event. In addition, the company provided financial support to the "Eid Joy" project, aiming to bring joy to the benefited. It also supported the "Basma" social responsibility project by contributing to the maintenance of a home for a needy family.
TAG 91.1
2 days ago
- TAG 91.1
Sharjah Ruler unveils decent living grant for some Emirati families
Sharjah has announced a "decent living grant" to help Emirati families live better with an aim to increase their monthly income to AED 17,500. It follows the directive of His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, to provide financial assistance to 3,162 families registered with the Social Services Department. The Department will be given an additional AED 134 million annually to be disbursed to the families starting September. Sheikh Sultan also announced plans to build a new "Social Care Complex" in Al Ruwaidat with several facilities including a centre for women, a home for the elderly, a mental health facility, and a care home for children, all in one place. The complex will cover an area of 140,000 square metres and will also include recreational facilities, as well as a mosque and gym.
