Ajman Introduces New Real Estate Law to Boost Transparency & Investment

Post by: Raman Preet

Photo : WAM

Ajman: In a major step towards improving the real estate sector, His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has introduced a new law to create a more transparent and investor-friendly environment. The law, officially known as Law No. (1) of 2025, was issued on Friday and aims to encourage real estate investment while ensuring better regulation in the emirate.

This new legal framework applies to specific areas that will be determined by a royal decree. It focuses on three main types of real estate properties:

Undeveloped land that will be used for joint real estate projects.

Old and damaged buildings that need to be redeveloped.

Real estate projects that are still under construction but will be completed through a new contribution-based system.

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A Step Towards a Stronger Real Estate Market
The main goal of this law is to make the real estate sector in Ajman more sustainable and attractive to investors. By improving transparency and regulations, the government aims to attract more capital and create a well-structured system for property development.

To ensure the smooth implementation of these new regulations, the Department of Land and Real Estate Regulation will play a key role. The department will be responsible for:

Issuing approvals to real estate offices that are legally registered.

Supervising all real estate activities that involve financial contributions.

A Centralized System for Better Management
A major part of this law is the introduction of a Real Estate Contribution Register. This register will contain important details about real estate projects, including:

Information about developers and investors.

Ownership shares and property sizes.

Any updates or changes made to a project.

The register can be kept in digital or physical form, ensuring that all information is properly documented.

This move is expected to bring more confidence to investors and developers, ensuring that real estate activities in Ajman are well-organized, legally protected, and beneficial for the economy.

April 4, 2025 1:03 p.m. 627

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