Ajman’s Department of Land and Real Estate Regulation will kick off a comprehensive building classification initiative across the emirate starting July 1st, 2024.
The three-month process aims to evaluate the readiness and compliance of buildings and real estate facilities based on international standards and regulations.
The classification effort will be carried out by a specialised team of qualified professionals conducting thorough on-site inspections and assessments. Their findings will then be transparently published through an integrated electronic programme developed by the department.
Omar Al Muhairi, Director General of the Department, confirmed the criteria are ready to classify buildings in accordance with international standards and specifications. This classification aims to ensure the quality of services and to facilitate investors regarding their investment decisions and options related to buying or renting properties in the emirate.
This classification will ensure the quality of services and facilitate investors regarding their investment decisions and options related to renting or purchasing any property in the emirate of Ajman.”
Al Muhairi stressed the importance of the new system in providing clarity and confidence to investors, landlords, and tenants in Ajman’s real estate market. By having an official rating of each building’s condition and adherence to codes, all parties can make more informed decisions.
Further details on the specific criteria and rating system that will be used for the building classifications were not released.
The initiative is part of Ajman’s efforts to enhance transparency, regulation, and quality assurance in its real estate sector as it aims to attract further investment and development.
Real estate is a key driver for the emirate’s economy, and the market has experienced a major increase in commercial property investments this year.
Department of Land and Real Estate Regulation in Ajman completed 169 real estate valuation processes during May 2024 with a total value exceeding AED729.5 million ($199 million). Ahmed Khalfan Al Shamsi, Director of Real Estate Registration, said earlier this month that the valuation covered commercial, residential, industrial, and agricultural units, with commercial property accounting for the largest share, AED437.2 million ($119 million), up 197 percent compared to April 2024 and surpassing industrial properties, which had a total value of AED148.45 million ($40.4 million).
Follow us on
