Ajman Real Estate Regulatory Agency (Arra) role to be specified

Sales and purchase agreements in Ajman will incorporate certain clauses that will specify the role and jurisdiction of Ajman Real Estate Regulatory Agency (Arra), said a top government official. The agency, which is making it mandatory for developers and master developers to register with it, is also advising customers to make payments only through the escrow account. Ajman Bank became the first bank to offer an escrow account facility for developers.