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Abdul Aziz Al Nuaimi attends the “virtual” Ajman Investment Forum

June 27th, 2021 News

Abdul Aziz Al Nuaimi attends the “virtual” Ajman Investment Forum

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The Department of Land and Real Estate Regulation concluded the Ajman Investment Forum, which was held virtually under the patronage of the Head of the Department, His Highness Sheikh Abdul Aziz bin Humaid Al Nuaimi, and in cooperation and partnership with the Department of Municipality and Planning, the Department of Tourism Development in Ajman and the International Real Estate Federation ” FIABCI”.

The forum, which came under the slogan “Foreseeing the future of investment in Ajman”, discussed the current status of the performance of the real estate and tourism market, and reviewed the investment opportunities available in the Emirate of Ajman, which efficiently succeeded in passing the difficult test and the complex stage that the global economy went through as a result of the Corona pandemic.

His Highness Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of the Department of Land and Real Estate Regulation, stressed in a speech to the participants in the forum, the success of the Emirate of Ajman in facing and overcoming the repercussions of the Corona pandemic, thanks to the proactive measures and economic incentive packages approved by the wise leadership to support various sectors, especially the real estate sector, which benefited from a number of measures and advantages that had a positive impact in achieving economic recovery and enhancing the solidity of the real estate sector in Ajman. Since the beginning of 2021, the performance of the real estate market has witnessed rapid growth and a remarkable recovery in the volume of real estate investment.

His Highness said that the Emirate of Ajman possesses all the ingredients that qualify it to be one of the most important and prominent investment destinations in the region, and that the development and growth it has achieved in various fields is the result of the support of the wise leadership with its future outlook and its ability to mobilize capabilities and face challenges with efficiency and competence and thanks to the concerted efforts of all government departments and their teamwork in order to enhance the business environment and improve the investment climate in the Emirate of Ajman, which is the first in the Arab world and fifth in the world in registering property according to the results of the World Bank classification for ease of doing business, as well as improving competitiveness indicators in various vital sectors. This is consistent with the vision of the Emirate of Ajman 2021 under the directives of His Highness Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman – may God protect him – and the follow-up of His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman.

During the forum, His Highness Sheikh Abdul Aziz bin Humaid Al Nuaimi launched the “Investor” initiative, a smart platform designed to attract investments, encourage and support investors in the Emirate of Ajman.

For his part, His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, stressed that the Emirate of Ajman is fortunate with a wise leadership that succeeded in dealing with this crisis and provided the necessary support to confront the economic and financial repercussions of the pandemic. This was evident at the end of 2020 and the beginning of 2021, as the Emirate witnessed a remarkable recovery in various sectors, especially the real estate sector. The Department of Land and Real Estate Regulatory registered 2,082 transactions during the first quarter of this year. The volume of real estate transactions amounted to 2.7 billion dirhams. Bin Omair explained that the real estate market in the Emirate of Ajman has maintained its attractiveness and its rising performance in view of the unique elements of the Emirate of Ajman, which qualifies it to be the ideal destination for investors.

In turn, Dr. Eng. Mohammed Ahmed bin Omair Al Muhairi, Executive Director of the Infrastructure Development Sector at the Municipality and Planning Department, said that all departments and authorities are working side by side and intensifying their efforts and integrating in their tasks to advance the investment wheel in the Emirate and advance it to be one of the most important global event cities and a compass for those looking to establish successful and continuous projects in an environment that provides all the ingredients for prosperity and productivity.

Dr. Eng. Bin Omair added that the Department works continuously, based on qualified competencies, to develop the infrastructure in the Emirate and enhance the quality of life and decent living, and sets a clear, comprehensive and phased plan to strengthen roads and build bridges. The Department seeks to keep pace with the successive changes through updating the comprehensive urban plan for the Emirate of Ajman and the cities of Masfout and Manama to be flexible schemes compatible with the urban renaissance, housing increase and investment movement. During the meeting, Dr. Eng. Bin Omair reviewed the projects and initiatives of the Department for the coming period and the direction of the Emirate in the coming years. He stressed the importance of improving the infrastructure in the Emirate and developing it to be a destination for all members of society, developers and investors.

Ahmed Khalfan Al Shamsi, Director of the Real Estate Registration Department at the Department of Land and Real Estate Regulation, said: Ajman Investment Forum is an important event during which we discussed four main pillars represented in reviewing investment opportunities and challenges facing investors and discussing the advanced level reached by the infrastructure in Ajman, as well as discussing the future of investment Real estate and tourism in the Emirate.

On her part, Dalal Al Marzouqi, Director of Research and Development Department at Ajman Tourism Development Department, pointed to the Emirate’s success in strengthening its position on the map of tourism investments in the region, in light of its elements and the strategies it adopted that contributed to attracting tourism investments from all over the world, which was reflected in the increase in the sector’s contribution to the gross domestic product.

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