Tuesday 26 June 2012

Property firms fined total of Dh900,000 - The National

Twenty-two property companies and brokerages in the emirate have been fined a total of Dh900,000 for repeated offences, an official said yesterday.

Circulars were issued as warnings to the offenders before the fines were levied, said Yousef Al Hashmi, director of the licensing department of the Real Estate Regulatory Agency (Rera).

Rera staff reported 10 types of breaches over six months.

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