Latest news with #AbdulRahmanMohammedAlNuaimi
Arabian Business
25-03-2025
- Business
- Arabian Business
Ajman real estate rents reached $1.3bn last year
Ajman Municipality and Planning Department announced that the value of Ajman real estate rental transactions in the emirate hit AED4.929bn ($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:
Zawya
25-03-2025
- Business
- Zawya
Ajman leases hit $1.33bln in 2024, up 50%
AJMAN – Ajman Municipality and Planning Department announced that the value of rental transactions has increased in 2024. The total value of lease contracts reached AED4.929 billion. The value of lease contracts recorded a growth of AED1.646 billion, with an increase of 50.13% 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 of Ajman 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. He added that the Emirate has become a preferred destination for visitors thanks to its luxurious 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 AED2.647 billion, while commercial contracts recorded a growth of AED2.15 billion. Investment Contracts reached AED266 million, 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 wise 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 emphasized 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. For his part, 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 100,236 Residential Contract Transactions, 37,855 Commercial Contract Transactions, and 269 Investment Contract Transactions.
Trade Arabia
07-03-2025
- Business
- Trade Arabia
Ajman's construction contract awards in 2024 soars to $2.6bn
Ajman Municipality and Planning Department has announced that the value of construction contracts in the northern emirate for FY 2024 hit AED9.65 billion ($2.6 billion), up 62.6% when compared to the previous year's figure of AED5.9 billion ($1.6 billion). This aligns with the emirate's strategic goal of achieving sustainable development in the construction and building sector, it stated. The value of the contracts saw significant growth while comparing to 2023, when it reached AED5.936 billion. Abdul Rahman Mohammed Al Nuaimi, Director-General of the Department, emphasised Ajman's success in positioning itself as a model modern emirate that ensures a high quality of life for residents, visitors, and tourists while providing an ideal investment environment for successful and sustainable projects across various sectors. The 62.6% jump in the value of construction contracts for 2024 was mainly due to the continuous efforts, strategic planning and forward-thinking policies of Ajman government. All these efforts were aimed at enhancing service excellence in building permit issuance, expediting processes, and boosting the emirate's global competitiveness, it added.
Gulf Today
06-03-2025
- Business
- Gulf Today
Ajman records Dhs9.655 billion in contracts
The Ajman Municipality and Planning Department announced that construction contracts' value in the emirate exceeded Dhs9.655 billion in 2024. This aligns with the emirate's strategic goal of achieving sustainable development in the construction and building sector. Abdul Rahman Mohammed Al Nuaimi, Director-General of the Department, highlighted that the value of the contracts saw significant growth compared to 2023, when it reached Dhs5.936 billion. He also emphasised Ajman's success in positioning itself as a model modern emirate that ensures a high quality of life for residents, visitors, and tourists while providing an ideal investment environment for successful and sustainable projects across various sectors. He further noted that the rate of increase in the value of construction contracts recorded 62.66% compared to 2023, crediting continuous efforts, strategic planning, and forward-thinking policies aimed at enhancing service excellence in building permit issuance, expediting processes, and boosting the emirate's global competitiveness. Separately, the number of real estate transactions in the Emirate of Ajman during 2024 reached 15,125 real estate transactions with a total value exceeding Dhs20.5 billion, reflecting a remarkable growth of 21% compared to 2023. Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Ajman Department of Land and Real Estate Regulation, stated recently that the exceptional performance of the real estate market over the past year is evidence of the sector's strength and a positive indicator that enhances Ajman's position as a premier investment destination and promises a bright future for the emirate's economy. He emphasised that the recorded figures reflect the visions of the wise leadership and their efforts to enhance the reputation of Ajman's real estate market.
Arabian Business
06-03-2025
- Business
- Arabian Business
Ajman construction boom sees contracts up 63% to $2.6bn
The Ajman Municipality and Planning Department announced that construction contracts' value in the emirate exceeded AED9.655bn ($2.6bn) in 2024. This aligns with the emirate's strategic goal of achieving sustainable development in the construction and building sector. Abdul Rahman Mohammed Al Nuaimi, Director-General of the Department, highlighted that the value of the contracts saw significant growth compared to 2023, when it reached AED5.936bn ($1.6bn). Ajman construction contracts He also emphasised Ajman's success in positioning itself as a model modern emirate that ensures a high quality of life for residents, visitors, and tourists while providing an ideal investment environment for successful and sustainable projects across various sectors. He further noted that the rate of increase in the value of construction contracts recorded 62.66 per cent compared to 2023, crediting continuous efforts, strategic planning, and forward-thinking policies aimed at enhancing service excellence in building permit issuance, expediting processes, and boosting the emirate's global competitiveness.
