Monday 24 August 2009

Ajman approved 172 tower developments

Ajman has approved the construction of about 172 towers, less than a quarter of the total number originally planned in the emirate.

The Ajman Real Estate Regulatory Agency (ARRA) has published a list of the 172 approved towers on its website, compared with the 900 buildings that were planned.
“Some of the registration applications have been rejected but many other projects are still under process and may join the list, or not,” said Omar al Barguthi, the director general of ARRA.

“Some are registered but still have no escrow account because of banking requirements.”

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