Ajman has seen remarkable growth in the value of its rental contracts for the first quarter of 2025. The value of these contracts reached AED 1.355 billion, marking a 41% increase compared to the same period over the past three years. This surge signals a thriving real estate sector in the emirate.
The rise in rental contract value highlights the success of the Ajman Vision 2030 initiative. This ambitious plan aims to promote a competitive business environment and an investment-friendly climate in the region. The achievement directly supports Ajman’s strategic goals for boosting the business climate and encouraging investment.
Strategic Growth in Ajman’s Real Estate Sector
Abdulrahman Mohammed Al Nuaimi, Director General of Ajman’s Municipality and Planning Department, confirmed the city’s continuous economic progress. He stated that the Emirate of Ajman is advancing toward a future of sustainable development. This growth strengthens Ajman’s reputation as a hub for investment and entrepreneurship in the region.
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Al Nuaimi further emphasized the importance of the city’s efforts in improving the quality of life for its residents. He noted that the increased rental contracts also reflect the growing confidence of individuals and businesses in Ajman. Both sectors are actively contributing to the region’s flourishing economic environment.
Robust Rental Market for Residential
Ajman rental market encompasses various sectors:
- Residential
- Commercial
- Investment contracts
This diverse growth demonstrates the city’s broad appeal, both for those seeking to live in Ajman and businesses looking to invest. The strong performance also reflects the effectiveness of Ajman’s legislative and regulatory changes.
The emirate’s flexible and investor-friendly regulations have encouraged the growth of the rental sector. Additionally, Ajman’s ongoing digital transformation initiatives have streamlined business processes. These reforms help entrepreneurs navigate the system and complete transactions with greater ease.
Efficiency and Technological Integration
Engineer Noura Rashid Shataf, Executive Director of the Strategy and Customer Happiness Sector, shared insights on the department’s operational efficiency. She highlighted the department’s commitment to continuous improvement, which drives the city’s growth. The use of smart technologies and advanced systems has significantly improved the speed and accuracy of contract processing.
These technological advancements have been vital in enhancing the user experience, allowing for quicker and more seamless transactions. This commitment to digital innovation has ensured the efficiency of Ajman’s rental market. It supports both residents and business owners in meeting their real estate needs.
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Impressive Growth in Transaction Numbers
In the first quarter of 2025, Ajman’s rental market saw a total of 39,009 transactions. This figure includes 28,520 residential contracts, 10,422 commercial contracts, and 67 investment contracts. The high number of transactions reflects the growing demand for real estate in Ajman across various sectors.
This surge in transaction volume demonstrates the effectiveness of the Department’s continuous improvements. Streamlined processes and enhanced customer services have played a pivotal role in driving this growth. The impressive figures further support Ajman’s expanding role as a leading destination for real estate investment in the region.
Conclusion
As Ajman moves forward, the municipality remains focused on maintaining the upward trajectory in its rental sector. The emirate’s continued commitment to strategic development, smart technology, and a conducive business climate will likely sustain its growth. These efforts align with the long-term objectives of Ajman Vision 2030, ensuring the city remains a competitive and attractive location for both residents and investors.
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