Ajman rental transactions surge 49% in H1-24

AJMAN (WAM)

Ajman’s rental market recorded a significant 49 percent increase in transaction value during the first half of 2024, reaching Dh2.277 billion, according to the Ajman Municipality and Planning Department.

Director-General of the Department, Abdulrahman Al Nuaimi, said that the rise in transactions reflects Ajman’s growing appeal as a destination for living and investment, supported by government initiatives and infrastructure improvements.

Furthermore, he emphasised that Ajman’s strategic location and quality of life make it an attractive hub for residents and businesses alike.

Director of the Rental Regulation Department, Ammar Abdul Karim Al Kayed, reported that residential rental contracts reached Dh1.211 billion in H1 2024, while commercial and investment contracts totalled Dh989 million and Dh80 million, respectively.