Sweet Homes Registers with Ajman Realty Body
Khaleejtimes
22 April 2009
DUBAI - Sweet Homes, a leading UAE-based developer and multi-service provider to the real estate sector and part of the Sweet Homes Holdings, has announced that it has become one of the first private master developers to register with the newly-formed Ajman Real Estate Regulatory Authority, or ARRA.
The master developer of the Dh3 billion ‘Ajman Uptown’ project has also revealed that it is currently in the process of registering escrow accounts for all of its projects, in accordance with the rules and regulations set by the agency. Established under the Emiri Decree No. 8 for 2008, ARRA reflects the Ajman Government’s commitment to provide a secure investment climate, thereby allowing growth and ultimately a sustainable economic development for the emirate.
“The current economic crisis has made it important now, more than ever, to remain vigilant to ensure that all aspects of the property development business are in accordance to the law,” said Fahad Sattar Dero, CEO, Sweet Homes Holdings. “Our move to register escrow accounts for ‘Ajman Uptown’ and ‘Rainbow Towers’ projects underlines our commitment to the implementation of laws in order to support ARRA’s deep resolve to implement all the rules and regulations, which are aimed at setting new industry benchmarks in the emirate
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what about paradise lake?
have they opened escrow acount for paradise lake?
This is the only developer
SWEETHOMES is the only developer who seems to be complying with ARRA demand and investors confidence building, of late. Others, particularly those who keep on claiming that they are BIG developers with branches all over the worlds, are yet to put their actions where their mouth IS. The longer they take to take drastic and positive actions to open ESCROW account for each project and to keep investors well informed of the progress on the ground -let alone to answer, at least, enquiries from their investors, the longer and deeper the luck of confidence in them will last.
Rule of the Thumb: No ESCROW account NO Payment! And this is officially LEGAL.
i wanna bisuness in ajman
he i lke da sweet homes in da price dey r slng nice