In my capacity as Head of the Department,
- and having reviewed the Ajman Emiri Decree No. 7 of 2017 concerning the Department of Land and Real Estate Regulation in Ajman,
- Ajman Emiri Decree No. 18 of 2017 appointing the Head of the Land and Real Estate Regulation Department;
- Ajman Law No. 2 of 2020 regarding the Regulation of Real Estate Development in the Emirate of Ajman;
- Ajman Law No. 3 of 2023 concerning Real Estate Registration in the Emirate of Ajman;
- and in accordance with the requirements and interests of the work,
we have decided the following:
Pursuant to the provisions of paragraph (e) of Article 7 of Ajman Law No. 3 of 2023 concerning Real Estate Registration in the Emirate of Ajman, a security account for real estate transactions conducted via digital channels shall be established by the Department following the automation of the remote sales service, in accordance with the following regulations:
1. The Department shall establish a security account pursuant to an agreement entered into by the Department with one of the banks specialising i...