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Chamber News Detail
The new real estate tenancy law in Ajman discussed in presence of 250 people
The new real estate tenancy law in Ajman discussed in presence of 250 people
Category Chamber News
Date 01/03/2017

Ajman, March 1, 2017: The Ajman Chamber of Commerce and Industry (ACCI) organised a legal seminar titled “the real estate tenancy law in Ajman” in presence of 250 people, including representatives of real estate offices, landlords and tenants to find out the features of the new law, which regulates the relation between the parties of the lease.
Attended the seminar, the Board Members of the ACCI Sheikh Sultan Bin Saqr Al Nuaimi, Hamad Bin Ghanem Al Shamsi and Mohamed Bin Khalifa Bin Salmin Aryani, and Salem Al Suwaidi, Director General of Ajman Chamber, along with a number of government relevant officials.
The Ajman Chamber aims through the seminar at serving and reviving the real estate sector in the emirate, which is one of the most important areas that boosts the economy and its growth. The Chamber further seeks to educate its members about the most important developments in the new law.
Commenting on the seminar, Hamad Al Shamsi, said “The legal seminars organized by Ajman Chamber mainly seek to retain sustainability of its members and provide various incentives to ensure growth of business and investment away from the disputes and issues, particularly since they’re offered by specialists and legal advisers.”
The seminars discuss the topics that touch interest of a large number of the Chamber's customers to be acquainted with their rights and duties, which by turn contributes to raising their legal awareness and serving development of the economy and its sustainability, he added.
He also said “the seminar came to keep pace with the significant growth being seen in the Ajman, especially in the real estate development in terms of construction of the various buildings for residential, commercial and industrial purposes.”
He further explained that the real estate investment growth witnessed by the emirate has led to a steady increase in the number of disputes. Hence, based on the directives of Sheikh Ammar Bin Humaid Al Nuaimi, Ajman Crown Prince, Chairman of the Executive Council, and after consultation with the Tenancy Disputes Committee, and the competent local authorities, a number of meetings and workshops were held to discuss the amendments proposed on the law in Ajman to keep pace with the overall development of the sector in the emirate.
The seminar was commenced with a working paper presented by Abbas Nile - Legal Advisor at the Diwan of His Highness Ruler of Ajman, which reviewed the Decree No. 2 of 2017 the real estate tenancy law in Ajman. He explained that the provisions of the law enhance the real estate sector’s growth, especially in light of the great development noticed in the emirate’s market.
He hailed keenness and constant guidance of the prudent leadership to involve the real estate officials at the government departments and private institutions operating in real estate, owners of the offices, legal experts to discuss the views and opinions to ensure rights of all parties.
He briefed the present on application of the Decree’s provisions  in terms of the lease, tenancy duration and its amount, the guarantees of the lessor for the leased property, the maintenance,  preserving the leased property, construction and additional repairs and improvements, infringement on a third party, cases allow evacuation of the leased property, cases allow the tenant to return to the property after the evacuation and compensation, opening the leased property in absence of the tenant, the Disputes Committee and its competence, and others. He pointed out that the law was to shorten the procedures and save the lessor’s and the lessee's rights.
Also Ammar Abdulkarim Al Kayed, director of the Leasing Regulation Department at Municipality and Planning Department-Ajman, hailed the role played by the government in providing quick smart services for the real estate sector. He further explained steps of the online attestation of the leases.
At the end of the seminar, Sheikh Sultan Bin Saqr Al Nuaimi, Hamad Bin Ghanim Al Shamsi, and Salem Al Suwaidi honored legal advisor Abbas Nile and Ammar Abdulkarim. They also honored the seminar’s gold sponsors: Al Janahi Center for Real Estate, Al Raskhoon Foundation and Huwaidi Real Estate, as well as the silver sponsor Daniel Restaurant.

 

Ajman, March 1, 2017: The Ajman Chamber of Commerce and Industry (ACCI) organised a legal seminar titled “the real estate tenancy law in Ajman” in presence of 250 people, including representatives of real estate offices, landlords and tenants to find out the features of the new law, which regulates the relation between the parties of the lease.
Attended the seminar, the Board Members of the ACCI Sheikh Sultan Bin Saqr Al Nuaimi, Hamad Bin Ghanem Al Shamsi and Mohamed Bin Khalifa Bin Salmin Aryani, and Salem Al Suwaidi, Director General of Ajman Chamber, along with a number of government relevant officials.
The Ajman Chamber aims through the seminar at serving and reviving the real estate sector in the emirate, which is one of the most important areas that boosts the economy and its growth. The Chamber further seeks to educate its members about the most important developments in the new law.
Commenting on the seminar, Hamad Al Shamsi, said “The legal seminars organized by Ajman Chamber mainly seek to retain sustainability of its members and provide various incentives to ensure growth of business and investment away from the disputes and issues, particularly since they’re offered by specialists and legal advisers.”
The seminars discuss the topics that touch interest of a large number of the Chamber's customers to be acquainted with their rights and duties, which by turn contributes to raising their legal awareness and serving development of the economy and its sustainability, he added.
He also said “the seminar came to keep pace with the significant growth being seen in the Ajman, especially in the real estate development in terms of construction of the various buildings for residential, commercial and industrial purposes.”
He further explained that the real estate investment growth witnessed by the emirate has led to a steady increase in the number of disputes. Hence, based on the directives of Sheikh Ammar Bin Humaid Al Nuaimi, Ajman Crown Prince, Chairman of the Executive Council, and after consultation with the Tenancy Disputes Committee, and the competent local authorities, a number of meetings and workshops were held to discuss the amendments proposed on the law in Ajman to keep pace with the overall development of the sector in the emirate.
The seminar was commenced with a working paper presented by Abbas Nile - Legal Advisor at the Diwan of His Highness Ruler of Ajman, which reviewed the Decree No. 2 of 2017 the real estate tenancy law in Ajman. He explained that the provisions of the law enhance the real estate sector’s growth, especially in light of the great development noticed in the emirate’s market.
He hailed keenness and constant guidance of the prudent leadership to involve the real estate officials at the government departments and private institutions operating in real estate, owners of the offices, legal experts to discuss the views and opinions to ensure rights of all parties.
He briefed the present on application of the Decree’s provisions  in terms of the lease, tenancy duration and its amount, the guarantees of the lessor for the leased property, the maintenance,  preserving the leased property, construction and additional repairs and improvements, infringement on a third party, cases allow evacuation of the leased property, cases allow the tenant to return to the property after the evacuation and compensation, opening the leased property in absence of the tenant, the Disputes Committee and its competence, and others. He pointed out that the law was to shorten the procedures and save the lessor’s and the lessee's rights.
Also Ammar Abdulkarim Al Kayed, director of the Leasing Regulation Department at Municipality and Planning Department-Ajman, hailed the role played by the government in providing quick smart services for the real estate sector. He further explained steps of the online attestation of the leases.
At the end of the seminar, Sheikh Sultan Bin Saqr Al Nuaimi, Hamad Bin Ghanim Al Shamsi, and Salem Al Suwaidi honored legal advisor Abbas Nile and Ammar Abdulkarim. They also honored the seminar’s gold sponsors: Al Janahi Center for Real Estate, Al Raskhoon Foundation and Huwaidi Real Estate, as well as the silver sponsor Daniel Restaurant.