Ajman calls in police to chase rogue developers

Real estate chief says it has opened cases against absconding developers.
GETTING TOUGH: The emirate of Ajman is chasing down rogue developers.
By Andy Sambidge
Mon 10 May 2010 07:53 AM

Real estate regulators in Ajman have filed cases with police to crack down on absconding developers, it was reported on Monday.

The Ajman Real Estate Regulatory Agency (Arra) is chasing those rogue builders who have failed to fulfil their contractual commitment, but emphasis is still on resolving disputes through mediation, director general Omar Al Barguthi said.

"We are opening cases against absconding developers and the ones who have failed to fulfil their contractual obligations. And a few have already been arrested," he said in comments published by Emirates Business.

"Our motive is not to file cases against developers. We give them [developers] equal opportunity and numerous options to fulfil their obligations. We only have an issue if they keep running [away] and not delivering what they have promised to investors," he added.

He told the paper that the action was a last resort after giving "ample time" to developers to fulfil their obligation, adding that the priority was still to bring the developer and the investor together in a bid to resolve their problems.

"We are offering solutions to the developer as well as the investor. We want both parties to resolve their dispute through mutual consent," Al Barguthi added.

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Last Updated: Thu 26 Jan 2017 01:27 PM GST

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.