ACW STAKE HOLDERS MUST READ
thanks for your quick response.
As you know this new law will help boost investors confidence which is best for both investors and developers so i hope you would appreciate that everyone will feel good about ACW when we are aware everything is in place.

Real Estate Regulatory Agency

Whilst it took a long time to submit documents with RERA atleast its better late than never...pls confirm once papers are submitted tomorrow and the likelihood to have received confirmation from them/TRUST account setup. RERA claims they only take half an hour to issue a certificate so this should be really quick we all hope.

Under the recently promulgated Law No. 8, which makes escrow accounts compulsory for all Dubai off-plan developments, property developers in the emirate must place project receivables in escrow, or trust, until predetermined development milestones are achieved and the money is to be released only on the orders of the DLD.
Banking & Business Review, UAE Digest

hence,
are you advising your customers who already have bought units in hanover square and kensington manor and knights bridge to stop making any further payments/installments until the trust/escrow account is opened and account details communicated as it will be illegal to receive funds otherwise?
we really appreciate your taking time out to answer queries as this gives us so much confidence in yoru company.

please also confirm full name of your auditors as a search on AGNMAX tells us www.agnmax.com Domain Name was Decativated on 04/06/2007

.com Domain names deactivated on 04/06/2007 - box free juke music yahoo