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Sunday, 15 March 2009

Unified UAE laws must to draw investors


Harmonising real estate regulatory laws across the UAE would attract global investors and increase transparency, according to a real estate investment and development information network.

"Common regulations across all the emirates would definitely benefit the country as they would make it easy for international investors to invest here," Ahmet Kayhan, CEO of Reidin.com, told Emirates Business in an exclusive interview.

"This would help to bring a number of international investors into this part of the world and create more transparency in the country. Owing to the federal nature of the UAE it is understandable that every emirate has its own set of rules. However, common regulations are possible and would be beneficial," he said.