Ajman Rental Contracts Soar to AED4.9 Billion in 2024, A 50% Surge from 2022

AJMAN: The Ajman Municipality and Planning Department has announced a major boost in rental activity across the Emirate in 2024, with total lease contracts reaching AED4.929 billion — marking a 50.13% increase compared to 2022.

According to the department’s 2024 Annual Report, rental contracts saw a sharp rise of AED1.646 billion, highlighting Ajman’s growing appeal as a top destination for residents, investors, and visitors.

Residential lease contracts made up the largest share, totaling AED2.647 billion, while commercial leases also saw significant growth at AED2.15 billion. Investment contracts recorded AED266 million, showing strong demand in both housing and business sectors.

Abdul Rahman Mohammed Al Nuaimi, Director General of Ajman Municipality and Planning Department, said that Ajman has become a model city, known for its modern infrastructure, safety, and quality of life. He noted that the Emirate’s prime location—linking other key emirates—has played a vital role in driving interest across residential, commercial, and investment markets.

He credited the strong results to Ajman’s forward-thinking leadership, flexible laws, and support for entrepreneurs, which make it easier to live, invest, and do business. The Emirate’s digital transformation and smart services have also helped speed up transactions and improve customer satisfaction.

The department continues to improve services, working with partners to develop integrated systems and offer fast, efficient processing of rental transactions. These efforts support the Emirate’s goal of balanced urban development and a better quality of life for all residents.

Ammar Abdul Karim Al Kayed, Director of the Rental Regulation Department, confirmed that attested rental contracts also saw a strong jump in 2024, with:

• 100,236 Residential Contracts
• 37,855 Commercial Contracts
• 269 Investment Contracts

This surge reflects Ajman’s recovery and growth across all real estate sectors, reinforcing its position as an attractive destination for living and investment in the UAE.

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