Tuesday 8 October 2013

Dubai’s new investor law will have lots of bite | GulfNews.com

Dubai’s new investor law will have lots of bite | GulfNews.com:

"One of the key pieces left in Dubai’s real estate regulations — an investor protection law — will soon slot into place. Top officials from the Dubai Land Department late last month made it clear that the Law (also known as Tanweer) and its provisos was on the cusp of being issued and that all options to “safeguard investor rights” have been incorporated.
With Dubai’s property values being where they are right now, the authorities are on much firmer ground when it comes to effecting sweeping laws on investor protection. Auctioning off distressed properties and plots as well as disposing off stalled projects is a lot easier now than would have been the case if, say, the law had come into effect a year or two ago."

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