The Municipality and Planning Department – Ajman (MPDA) announced an increase in the value of rental transactions during the first half of 2024, as rental values recorded a growth of 2 billion and 277 million, an increase of 49%, compared to the same period of 2023 and 2022.
His Excellency Abdul Rahman Mohammed Al Nuaimi, the MPDA’s Director General, asserted that the facilities provided by the wise leadership and exemplary services have played great part in making the Emirate of Ajman take the lead in the field of economy and investment and attracting residents, visitors and tourists, as it is an ideal city for good living and provides the elements required for starting successful and continuous projects. It also enjoys privileges qualifying it to be a city of sustainable renaissance in various areas.
The MPDA’s qualified cadres spare no effort for developing and improving and harnessing artificial intelligence and modern technologies to provide the best to customers, adopting the principles of national programs, the most important of which is the zero-bureaucracy program, which is geared towards simplifying procedures and lowering the number of steps to achieve absolute ease and smoothness, His Excellency noted, adding that integration projects with relevant partners and launching systems have contributed to finishing transactions within record time and achieving a positive impact of improving the life quality of customers.
For his part, Ammar Abdul Karim Al Kayed, Director of the MPDA’s Department of Rental Regulation, noted that the number of residential contract rental values during the first half of 2024 reached one billion and 211 million dirhams, the commercial contract values in the same period reached 989 million dirhams, and the investment contract values recorded 80 million dirhams.
He said that the distinct geographical location of the Emirate as a link with other emirates has increased in the number of residential, commercial and investment contracts, and the ambitious cadres were able to improve the customer’s experience, making the ratification of residential, commercial and investment rental contracts witness a remarkable increase during the first half of 2024 compared to the same period in 2023 and 2022, as competencies completed 47,604 residential contract transactions, 18,518 commercial contract transactions, and 169 investment contract transactions.
