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AFP’s project under highly accelerated construction plan Realty Capital announces completion of 5th podium of i-Rise Property developers adjusting pricing and payment schemes |
Escape receives official approvals from ARERA
- March 2, 2009, 11:17 am
Escape, Ajman’s 200 acre equestrian community has received all required official approvals from the emirate’s recently-established Ajman Real Estate Regulatory Agency (ARERA).
Moving ahead with the development’s overall construction timeline, Escape is now in the final negotiations stage to award the villa construction contract, the final decision will be announced shortly.
‘I believe that with the establishment of ARERA property buyers will have more confidence in purchasing property and in Ajman itself,’ said Anwer Sher, General Manager of Escape LLC. ‘It’s an excellent move for the emirate. Any regulation in the market that safeguards the interest of home buyers and investors is critical at this time,’ he continued.
Sher pointed out that Escape worked quickly and efficiently to answer to ARERA’s call to action, and has in fact maintained a fully functioning corporate office headquarters in downtown Ajman, well before the Agency dictated that all Ajman developers must have an official presence in the emirate.
‘In accordance with the new legislation, Escape has established escrow accounts for all home buyers, and additionally maintains a state of the art Customer Service Centre which employs a team of bilingual consultants. Furthermore, we recently introduced a Customer Relationship Management (CRM) programme designed exclusively for the real estate sector making us the first developer in Ajman to enable and encourage direct one on one communication with our investors’, said Sher.
‘As a local developer, we took a differentiating lead in launching our CRM Programme. We felt it important to be able to talk directly with our customers and receive their feedback or address their concerns in the recent market downturn,’ said Aadil Sher, Sales and Customer Service Manager for Escape.
‘The landmark equestrian lifestyle community which was launched in January 2008, has kept to a rigorous development schedule. The project team approved all architectural designs well in advance, and already confirmed contracts for residential flooring, kitchens and fittings. Bulk earthworks on site were completed the end of last year, and Escape Management is concluding negotiations with villa contractors who were invited to tender. The contract award is ‘imminent’, and it ‘wont’ be long till actual construction work starts on site,’ according to Anwer Sher.
Consisting of villas, duplexes, apartments, as well as a luxury boutique hotel, the HoofbeatZ Clubhouse, a sports hall, an equine spa, and a full complement of equestrian facilities, Escape is located off the Emirates Road, on the border of Sharjah and Ajman, and is conveniently located near to major business hubs in Dubai and the Northern Emirates.
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