Latest news with #AjmanMunicipalityandPlanningDepartment
Khaleej Times
26-03-2025
- Business
- 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.
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.
