Ajman Real Estate Regulatory Agency (Arra) has settled claims worth Dh1.4 billion on Al Helio Downtown project - a move that is likely to bring cheers to many investors in stalled projects.
The move to settle claims was directed by Arra Chairman Sheikh Abdul Aziz Al Nuaimi, who emphasised on the need to “safeguard the rights of the investors".
According to Arra Executive-Director Yafea Eid Al Faraj, it took nearly eight months of hard work and co-ordination between various stakeholders to settle the claims.
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