The Ajman Real Estate Regulatory Agency (ARRA, ARERA or Ajman RERA) is an

Ajman Ajman ( '; Gulf Arabic: عيمان ''ʿYmān'') is the capital of the emirate of Ajman in the United Arab Emirates. It is the List of cities in the United Arab Emirates, fifth-largest city in UAE after Dubai, Abu Dhabi, Sharjah and Al Ain. Loca ...

United Arab Emirates The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a Federal monarchy, federal elective monarchy made up of Emirates of the United Arab E ...

based government

regulatory authority A regulatory agency (regulatory body, regulator) or independent agency (independent regulatory agency) is a government authority that is responsible for exercising autonomous jurisdiction over some area of human activity in a licensing and regu ...

responsible for the

regulation Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. Fo ...

and

licensing A license (American English) or licence ( Commonwealth English) is an official permission or permit to do, use, or own something (as well as the document of that permission or permit). A license is granted by a party (licensor) to another par ...

of Ajman's real estate market,

consumer protection Consumer protection is the practice of safeguarding buyers of goods and services, and the public, against unfair practices in the marketplace. Consumer protection measures are often established by law. Such laws are intended to prevent business ...

and

dispute resolution Dispute resolution or dispute settlement is the process of resolving disputes between parties. The term ''dispute resolution'' is '' conflict resolution'' through legal means. Prominent venues for dispute settlement in international law incl ...

. However, ARRA does not resolve disputes concerning rent of property units.

Jurisdiction and legal powers

All

land Land, also known as dry land, ground, or earth, is the solid terrestrial surface of Earth not submerged by the ocean or another body of water. It makes up 29.2% of Earth's surface and includes all continents and islands. Earth's land sur ...

villa A villa is a type of house that was originally an ancient Roman upper class country house that provided an escape from urban life. Since its origins in the Roman villa, the idea and function of a villa have evolved considerably. After the f ...

s and

apartment An apartment (American English, Canadian English), flat (British English, Indian English, South African English), tenement (Scots English), or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that ...

s, 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 The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it int ...

) onwards. ARRA is also responsible for certifying

escrow An escrow is a contractual arrangement in which a third party (the stakeholder or escrow agent) receives and disburses money or property for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transact ...

bank accounts. The National
Ajman adds ADIB to escrow list

References

External links

* Organizations with year of establishment missing Real estate industry trade groups Government agencies of Ajman Economy of the Emirate of Ajman {{UAE-stub

Jurisdiction and legal powers

See also

References

External links