Ajman Rental Contracts Soar 41% in Q1 2025, Hitting $369 Million

Ajman’s property market has kicked off 2025 on a high note, with the Ajman Municipality and Planning Department announcing a significant increase in the total value of rental contracts for the first quarter. The total lease value reached AED 1.355 billion (approximately $369 million), reflecting a 41% increase compared to the same quarter across the past three years.

Strong Economic Momentum

This leap in value underscores growing investor confidence and the emirate’s expanding population and business base. The figures come as Ajman positions itself as a key player in the UAE’s northern real estate market, offering affordable alternatives to neighboring emirates while investing heavily in infrastructure, digital governance, and urban planning.

A Total of 39,009 Rental Transactions

The growth is not only in value but also in volume. A total of 39,009 rental contracts were processed in Q1 2025, including:

• 28,520 residential contracts
• 10,422 commercial contracts
• 67 investment contracts

This diverse mix signals strong demand across multiple sectors, with commercial leases and investment properties also showing promising momentum.

Officials attribute the uptick to Ajman’s strategic alignment with its Vision 2030, a roadmap to diversify the economy, increase foreign direct investment, and enhance the quality of life. This includes promoting sustainability, affordable housing, and business-friendly policies.

His Excellency Abdul Rahman Mohammed Al Nuaimi, Director General of the Ajman Municipality and Planning Department, stated:

“Ajman continues to cement its position as one of the most attractive destinations for investors and residents. We are committed to sustainable development, enhancing quality of life, and enabling a thriving community.”

Efficient, Digital-First Processes

One of the key enablers behind this impressive performance is the emirate’s digital transformation in service delivery. Smart lease certification and automation have made the rental process smoother and faster, increasing user satisfaction and drawing in more tenants and landlords.

Engineer Noura Rashed Shattaf, Executive Director of the Strategy and Customer Happiness Sector, emphasized:

“Our systems are designed to respond swiftly to market needs. We are using AI and smart tech to make every transaction seamless. This not only accelerates business processes but ensures Ajman remains an attractive place to live and invest.”

Attracting Investment and Talent

Ajman’s real estate boom reflects broader trends in the UAE’s property market, where second-tier cities are experiencing significant growth due to improved accessibility, affordability, and lifestyle offerings. The sharp rise in rental contract value further supports the emirate’s efforts to attract both local and foreign investment in residential and commercial real estate.

With consistent policy support, smart infrastructure, and a proactive approach to real estate regulation, Ajman is well positioned for continued growth throughout 2025. Analysts expect that if current trends persist, the emirate may surpass even more ambitious targets in the upcoming quarters.