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Arra's Conflict of Interest

akhiabani's picture

The chairman of Arra a ruling family member is also head of the Ajman Holdings the parent company of the AA properties the developer of the Ajman Boulevard. We all know that there hasn't been any resolution to return the investors money back from this failed project. How can we expect this agency to act impartial? Arra needs a higher regulator.

akhiabani's picture

AA Properties

If you check the ajmanholdings website the AA Properties is no longer listed there.

akhiabani's picture

Lack of action

There is no justification for lack of action from Arra at this time when the land prices in Ajman have passed the 2005 and 2006 prices. It is time to liquidate their properties and return our money back. They know very well that EC is dead.

akhiabani's picture

Stargiga Crooks

Goldcrest business vista
After over seven years we have zero construction, no registration with Arra and no escrow account.
Why are you still holding my money?
Why isn't Arra doing anything about this?

akhiabani's picture

RHolding

RHolding=R Immoral
RHolding=R Irresponsible
RHolding=R Unprofessional
RHolding=R Crooks
There is no justification for holding my money for seven years for the Eye tower with zero construction.

akhiabani's picture

Arra staff

Are they stupid or is it lack of English?

akhiabani's picture

Failed City

At what point will the decision makers will admit to the failure of this project and auction off the plots to the real developers not the Pakistani crooks and return our money?
Four years has passed from the promised delivery of this city and not a single tower has been delivered yet.
It is high time for someone to stand up and take some responsibility and end this nasty stalemate.
Stealing from rich people may be okay but from poor people is not right.