Emirates City Forum

It surprises me to find developers trying to get 50 and 60% of developers when they haven't really achived much. It surprises me even more to notice that the prices of those off-plan properties are at least twice as much as the prices of ready properties. Last week, I spent two days looking at ready properties in free hold projects in Ajman and found out that the actual prices( after bargining) of ready properties are between AED200 to AED250 per s.f.
Now, ask yourself how much the developer is charging you. Propably between AED400 to AED550, OK, unfortunatly, we signed contracts and we have to pay this price, However, we should insist on conditions which guarentte our investments. We should ask for 50% of the price after the hand over of the property and we should insist on new contracts with new payment plans. Please, everybody, write to ARRA and let them know how you feel. It is just an email to make your voice heard. Tell ARRA how you feel about being in risk in Ajman and what you expect from Ajman's governement to do to protect your investment. Tell ARRA that you want the development projects of Ajman to succede but you don't want to lose your money. Tell ARRA that you demand rules and regulations to protect you because you are an investor who believed in Ajman and trusted that its governement will enforce the power of law.
Go ahead, write and don't say...OH somebody else will do that!! Everybody should do this and ARRA should know that there are thousands of people who expect the government to do something.