Ajman Real Estate Regulatory Agency
Ajman, United Arab Emirates based government regulatory authority
- Abdulaziz Humaid Al Nuaimi, Chairman
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]
Jurisdiction and 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]
See also
References
- ^ ArabianBusiness.com - Ajman planning real estate regulator
- ^ The National - Ajman developers welcome regulator Archived 2016-03-03 at the Wayback Machine
- ^ 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 Archived 2009-03-28 at the Wayback Machine
- ^ GoWealthy.com - Ajman Real estate Regulatory Agency (ARRA) commences project & developer registrations Archived 2009-04-08 at the Wayback Machine
- ^ The National - Registration deadline looms for Ajman developers Archived 2016-03-03 at the Wayback Machine
- ^ 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 Archived 2009-04-27 at the Wayback Machine
- ^ The National - Ajman adds ADIB to escrow list Archived 2016-03-03 at the Wayback Machine
External links
- Ajman Real Estate Regulatory Agency (ARRA) - official website
25°23′34″N 55°26′10″E / 25.39278°N 55.43611°E / 25.39278; 55.43611
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