Ajman Administrative Decision No. 28/2014 On the Minimum and Maximum Rental Value of the Festival City Land
The Chairman of the Department,
After perusal of Ajman Emiri Decree No. 3/2012;
Ajman Emiri Decree No. 4/2012;
Ajman Emiri Decree No. 2/2012;
The consolidated Financial System of the government of Ajman; and
In order to achieve the proper progress of work at the Department,
Decided the following:
Article 1 - Rental Value
Based on the consolidated financial system of the government of Ajman, Clauses (1, 4, 5) on the determination of the minimum and maximum rental value of the buildings and facilities owned by the Department, and pursuant to the previous lease contracts and the average prices and recommendations received by us from the Director-General of the Department, we decided the following:
1 - The minimum rental value per one meter is AED 5 per day
2 - The maximum rental value per one meter is AED 10 per day