Thursday 8 May 2014

Dubai tightens up with unified realty contracts | GulfNews.com

Dubai tightens up with unified realty contracts | GulfNews.com:



"A level playing field is what has been achieved with Dubai Land Department’s requirement that all freehold property transactions in the emirate from May 1 should come with an unified set of contracts involving the buyer, seller and the agent. These will now form the basis for any property deal to be validated by the Dubai Land Department.



There are three models of contract: one which is between the seller and buyer, the second between seller and broker and the third which is between the buyer and broker. These are available on the Land Department’s EMART portal. 
"



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