Ajman Real Estate Regulatory Agency

Emirate of Ajman
Ajman Real Estate Regulatory Agency (ARRA)
مؤسسة عجمان للتنظيم العقاري
Agency overview
Jurisdiction Emirate of Ajman
Headquarters Ajman
Agency executive
  • Abdulaziz Humaid Al Nuaimi, Chairman
Website www.arra.ae

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 & 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

External links


25°23′34″N 55°26′10″E / 25.39278°N 55.43611°E / 25.39278; 55.43611Coordinates: 25°23′34″N 55°26′10″E / 25.39278°N 55.43611°E / 25.39278; 55.43611

This article is issued from Wikipedia - version of the Sunday, March 13, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.