Ajman gets tough on property registration

Developers and master developers in Ajman failing to meet the May 1 deadline on registration will not be able to sell their properties "off plan", and will be considered to be in violation of the Ruler's Decree, a senior government official said.

"Anybody failing to register with us before May 1 will be considered to be operating in Ajman in violation of the Emiri decree and will face penalties from a minimum Dh100,000 onwards. There will also be a criminal part to it such as selling a 'fictitious project'," Ajman Real Estate Regulatory Agency (Arra) Director-General Omar Al Barguthi told Emirates Business.

He urged developers and master developers to come forward to complete the preliminary registration even if they did not have the full documents in place.

"We will complete their registration even after the deadline, but we will not be considering any application thereafter."

Besides this Arra has initiated effective steps to stop misrepresentation of facts or giving false information through advertisements.

"We have already penalised a few developers for giving false information in advertisements," Al Barguthi said after this newspaper pointed out that companies were still promising a residential visa on purchase of a property in the emirate. "Anyone who wants to publish advertisements will now have to get an approval number from us, which has to be published in all their ad campaigns," he added.

Al Barguthi reiterated that investors must make their payment only to the escrow accounts, which has now become mandatory for all developers. Ajman Bank is offering the escrow bank facility in the emirate.

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