Ajman is popular for its coast and mangroves, with tourists also able to find cheaper accommodation than elsewhere in the country. Photo: Unsplash
Ajman is popular for its coast and mangroves, with tourists also able to find cheaper accommodation than elsewhere in the country. Photo: Unsplash
Ajman is popular for its coast and mangroves, with tourists also able to find cheaper accommodation than elsewhere in the country. Photo: Unsplash
Ajman is popular for its coast and mangroves, with tourists also able to find cheaper accommodation than elsewhere in the country. Photo: Unsplash

ATM 2024: Ajman may be the UAE's smallest emirate, but it has big tourism plans


Hayley Skirka
  • English
  • Arabic

The UAE’s smallest emirate has big tourism plans this year. At this week's Arabian Travel Market in Dubai, Ajman announced that international tourist numbers increased by 29 per cent last year, compared to 2022.

The emirate also used the Middle East's largest travel and tourism exhibition to launch Ajman Events Calendar, which features a variety of cultural festivals, sports events and entertainment acts set to take place over the coming months as Ajman pushes to attract more domestic and international visitors.

Among the events taking place this year are Ajman Motor Festival, Liwa Ajman Dates and Honey Festival, Festival of Folklore Strings and Ajman Half Marathon. A grand New Year’s Eve firework display is also planned.

“We celebrate the rich diversity of arts, culture, sports, entertainment and adventure that defines Ajman,” said Mahmood Alhashmi, director general of the Ajman Department of Tourism Development.

International visitor numbers to Ajman are on the up, with the emirate reporting that 60 per cent of its tourists come from outside the UAE. A lot of that is down to the affordability and the unique appeal of the emirate, Alhashmi says.

“The history and the culture in Ajman are different than in the other emirates. It’s something you can only find here,” Alhashmi told The National at the Arabian Travel Market.

“About 60 per cent of our visitors are families. Between the cost of a hotel in Dubai and one in Ajman, they choose to stay here ... because they can stay in a five-star hotel that’s a copy-paste of Dubai – nothing less, but cost-wise it might be 30 or even 40 per cent cheaper.”

Home to a large museum in Ajman Fort, the former residence of the ruling family, Ajman is popular for its coast, mangroves and corniche. The emirate has a stunning nature reserve, as well as hiking trails in the Hajar Mountains. There is also the village of Masfout, an exclave of Ajman that's surrounded by Ras Al Khaimah.

Being the smallest emirate in the UAE also offers a unique advantage, Alhashmi said. “You might think that the city’s small size is a challenge, but we think it’s an opportunity as when tourists come here, they can see the whole destination in maybe three or four days.”

The Oberoi Ajman Al Zohrah plans to extend its offerings. Photo: Oberoi Hotels & Resorts
The Oberoi Ajman Al Zohrah plans to extend its offerings. Photo: Oberoi Hotels & Resorts

Ajman is looking to build on its impressive tourism numbers. Proposals are in place to expand the offerings at hotels including at The Oberoi Beach Resort, a five-star retreat in Al Zorah. Alhashmi said new hotels were also planned, with operators coming to the emirate from Egypt and Europe.

With many international travellers looking for cultural experiences during their trips, Ajman is working to open its doors to tourists.

“We are working with a company and they’re preparing a programme. It’s not launched yet, but we’re at the stage where we are working with some local people. We’ve started with three families, two in Ajman and one in the Masfout area, and soon travellers will be able to come and visit them, stay with them, share a meal and really see how local families in Ajman are living,” Alhashmi said.

Ajman's museum is in the former home of the emirate's ruling family. Khushnum Bhandari / The National
Ajman's museum is in the former home of the emirate's ruling family. Khushnum Bhandari / The National

On Thursday, the Ajman Department of Tourism Development signed a deal with the Rewaq Ousha Cultural Centre, which aims to raise awareness among young people about the importance of preserving heritage.

It is part of Ajman's broader plans to strengthen ties with local groups. The move also aligns with the goal of Ajman Vision 2030 to nurture and enhance the cultural and creative landscape and to establish the emirate as a tourism centre in the region.

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The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.

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Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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Ep3: The recovery and global trade disruptions - globalisation post-pandemic 

Ep4: Inflation- services and goods - debt risks 

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May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

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October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

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180 Petrofac employees laid off in the UAE

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Date started: May 2021

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Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors

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Updated: May 10, 2024, 4:04 AM