Media ININ Economy We Trust
Dubai, April 27 / The Municipality and Planning Department in Ajman announced an increase in the value of rental transactions for the past year 2022, as rental values recorded a growth of 512 million dirhams, an increase of 28%, compared to 2020, according to the annual report for the year 2022 issued by the department.
His Excellency Abdul Rahman Muhammad Al Nuaimi, Director General of the Municipality and Planning Department in Ajman, confirmed that the emirate has today become one of the refineries of cities that attract residents, visitors, tourists and investors, as it has the requirements for an ideal and comfortable life. Investing and supporting projects and ensuring their continuity and success.
His Excellency continued that the number of rental values for the residential contract for the past year 2022 amounted to one billion and 708 million, while it achieved one billion and 478 million dirhams during the year 2021, and it also recorded one billion and 409 million dirhams in 2020, indicating that the values of the commercial contract in the past year amounted to one billion and 416 million and achieved the contract values. The investment is 161 million dirhams.
His Excellency indicated that the distinguished geographical location of the emirate as a link with other emirates contributed to the increase in the number of residential, commercial and investment contracts, explaining that the wise leadership in Ajman provides all kinds of incentives, facilities and support to residents and investors, as legislation and regulations are flexible and take the hands of entrepreneurs, in addition to the smart transformation that Contribute to speeding up the completion of transactions.
For his part, Ammar Abdul Karim Al Kayed, Director of the Rental Regulation Department in the department, stated that the ratification of rental contracts of all types, residential, commercial and investment, witnessed a noticeable increase during the past year 2022 compared to the years 2021 and 2020, as the cadres completed 65087 residential contract transactions, 27952 commercial contract transactions, and 232 transactions. investment contract.
