Ajman Real Estate Regulatory Agency
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The Ajman Real Estate Regulatory Agency (ARRA, ARERA or Ajman RERA) is an Ajman, United Arab Emirates based government regulatory authority responsible for the regulation and licensing of Ajman's real estate market, consumer protection and dispute resolution. However ARRA does not resolve disputes concerning rent of property units.[1][2][3][4][5]
[edit] Jurisdiction & legal powers
All land, villas and apartments, freehold or otherwise within Ajman, must be solely registered with ARRA. Noncompliance may result in the developer being fined 100,000 AED (27,233.12 USD) onwards.[6][7][8][9][10] ARRA is also responsible for certifying escrow bank accounts.[11][12]
[edit] References
- ^ ArabianBusiness.com - Ajman planning real estate regulator
- ^ The National - Ajman developers welcome regulator
- ^ Gulf News - Ajman creates property regulator
- ^ Gulf News - Ajman tightens land regulations
- ^ Gulf News - Ajman dispute panel made up of Arra members, judge
- ^ Gulf News - ARRA sets May 1 deadline for registration
- ^ GoWealthy.com - Ajman Real Estate Regulatory Agency begins registration for developers and projects
- ^ GoWealthy.com - Ajman Real estate Regulatory Agency (ARRA) commences project & developer registrations
- ^ The National - Registration deadline looms for Ajman developers
- ^ Zawya - Arra fines developers for failing to register on time
- ^ AME Info - Ajman Real Estate Regulatory Agency and Dubai Islamic Bank ink escrow account agreement
- ^ The National - Ajman adds ADIB to escrow list
[edit] External links
25°23′34″N 55°26′10″E / 25.39278°N 55.43611°ECoordinates: 25°23′34″N 55°26′10″E / 25.39278°N 55.43611°E
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