Ajman leases hit Dhs4.929 billion in 2024

Ajman Municipality and Planning Department announced that the value of rental transactions has increased in 2024.

The total value of lease contracts reached Dhs4.929 billion. The value of lease contracts ​​recorded a growth of Dhs1.646 billion, 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 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 Dhs2.647 billion, while commercial contracts recorded a growth of Dhs2.15 billion.

Investment Contracts reached Dhs266 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.

WAM