Ajman's Rental Contract Value Increases By 41% To AED 1.355 Billion In First Quarter Of 2025

The Ajman Municipality & Planning Department has announced a notable rise in rental contract values for the first quarter of 2025, totalling AED 1.355 billion. This marks a 41% increase compared to the same timeframe over the past three years. The growth aligns with Ajman Vision 2030's goals to create a competitive business environment and attract investments, thereby enhancing the emirate's business climate.

Abdulrahman Mohammed Al Nuaimi, Director General of the Department, highlighted Ajman's progress as a hub for sustainable development. He noted that the emirate is advancing towards improving quality of life and community well-being, solidifying its reputation as a prime location for investment and entrepreneurship.

Al Nuaimi further explained that the rental contract value includes residential, commercial, and investment agreements. This indicates strong trust from individuals and businesses in Ajman's attractiveness for living and investing. The emirate's flexible laws and digital transformation efforts have made transactions easier for entrepreneurs.

Engineer Noura Rashid Shataf, Executive Director of the Strategy and Customer Happiness Sector at the Department, mentioned that they implement comprehensive plans for ongoing improvement. Their skilled team uses smart technologies to authenticate rental contracts efficiently.

Shataf disclosed that during the first quarter of 2025, a total of 39,009 transactions were completed. These included 28,520 residential contracts, 10,422 commercial contracts, and 67 investment contracts. This reflects ongoing enhancements in authentication processes and user convenience.

The department's efforts are supported by advanced systems that ensure swift completion of transactions. This approach not only boosts efficiency but also enhances customer satisfaction by reducing processing times significantly.

The strategic initiatives undertaken by Ajman are clearly paying off. The emirate continues to attract both residents and investors due to its favourable conditions and streamlined processes.

With inputs from WAM