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.

WAM