laws

The given law, Ajman Emiri Decree No. 2/2012, pertains to the rental value of buildings and facilities owned by the Department in Ajman. It is further supported by Ajman Administrative Decision No. 28/2014, which specifically addresses the minimum and maximum rental value of the Festival City Land. The law is based on the consolidated financial system of the government of Ajman and is implemented from the date of issuance. It specifies the minimum and maximum rental values per square meter for these properties. The minimum rental value is set at AED 5 per day, while the maximum rental value is set at AED 10 per day. The decision abrogates any previous provisions that contradict or violate its provisions. It was issued by Sheikh Abdulaziz bin Humaid Al-Nuaimi, Chairman of the Department, on 02/03/2014 and was published in the Official Gazette of the Government of Ajman in 2014.