Home › Forum › Ajman Districts › Other Projects

ARRA....more info please

Fri, 09/04/2009 - 19:42 — hulabaloo

ARRA advise that although developers register and open ESCROW accounts some projects may not complete, for investors we need to know where we stand regarding developers, their projects and their viability. ARRA should name and shame eg like the way endowment policies were miss sold in UK. The companies had to show their returns or lack of from investors via a trffic light system......the developers here should be forced to do the same or an independent body
On track and on time to completion .................geen
may complete on time but a little slow .............amber
no way just ground slab done so far ...MR Tower ................RED
ARRA may have this info.....please publish and let us know

‹ Let this be an example for Ajman Thieves Continue Paying Installments ›
Sat, 09/05/2009 - 05:01 — ajmanflat
ajmanflat's picture

great idea, but this is AJMAN!

great idea, but if we have learned anything about ajman so far, that the government and the people working there are not organized enough to have this much "transperancy".

makes me think they dont want "transperancy".

all to the benefit of the crooks developers.

Sat, 09/05/2009 - 08:08 — kumardxb01

Kumar one decision shud be

Kumar
one decision shud be in everyones mind " not to pay any more". Besides this all those investors who lost their money in other projects and are offered units in emirates city, please dont invest again. U all will be looser and u will be only financing the developer. Becoz understand the concept. someone has stopped paying in Emirates City and he becomes a defaulter , he looses his money invested and balance amount he is unable to pay. If u buy the property then u are financing the developer. rememeber developer was not fair to his first customer and so dont expect him to be good with u. indeed no infrastructure development speed 1floor in 2months. towers will be ready after 3 years or 4years with no electricity.