The individual governments of the UAE are continuing to clamp down on the property sector in a bid to restore investor confidence to the region that is being hit hard by the global economic downturn.    Yesterday, the Ajman government announced it is to create the Ajman Real Estate Regulatory Establishment to police the Emirate’s burgeoning property market, which has registered over Dh340bn worth of investment since 2006.   Meanwhile, the wider Real Estate Regulatory Agency (RERA) is to put in place further regulations on developers in the UAE, by stipulating that 20% of a development must first be completed … Continue reading UAE TIGHTEN THE SCREWS ON THE REAL ESTATE INDUSTRY