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Ajman to launch property sale price index

17 October 2010

The Ajman Real Estate Regulatory Agency (Arra) is working on compiling a sale price index for properties within the emirate as it works to get investors to swap properties to projects under-construction, Emirates 24|7 has reported. A participant in a real estate workshop held last week by Arra, told Emirates 24|7 that officials asked developers not to be "too greedy and sell their units keeping profit at minimum" in a bid to revive the local realty market.

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