Wednesday 25 September 2013

A shot in the arm for Dubai real estate - Khaleej Times

A shot in the arm for Dubai real estate - Khaleej Times:

"A new law seeking to provide an attractive investment environment and to promote the role of Emiratis in the Dubai real estate sector has been issued by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

Shaikh Mohammed’s Law No. 07 for 2013 regarding the Dubai Land Department defines its objectives as the government entity responsible for registration as well as organisation and promotion of real estate investment in Dubai. The law aims to provide an attractive environment for investment by implementing international standards, and lists the department’s areas of specialisations, tasks and competencies to support the sector’s development efforts."

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