RERA (Real Estate Regulatory Authority) has asked all the concerned parties involved in the marketing of real estate authorities to ensure their abiding by the procedures for marketing laid down by RERA. RERA had conducted a course for all the registered brokers for real estate marketing in Dubai, called Brokers Certified Training Course. The course [...]
As the new laws have been introduced into the Dubai real estate market, it has took many turns. One of the most talked about cases recently put up by a German Investor named Lothar Hardt, against the real estate developer Damac Properties has been turned down by DIFC ( Dubai International Finace Center) as expected. [...]
A few days back a businessman from the UK interested in buying two units of property in Dubai has been refunded for one unit because the projects was way behind schedule. This and many other similar incidents seemed to be shifting the balance of power in the favor of the buyers or investors in the [...]
A British businessman Ron Oakeley had bought two offices in a building named after the former formula 1 race driver Niki Lauda. The refund has been made by the Dubai courts for only one unit out of the two after looking into the matter. The complainant’s bought offices were behind schedule by almost 20 months. [...]
Dubai’s real estate law makers have been working hard to revive the lost confidence of the investors in the real estate of Dubai. These steps include fixing many loop holes and problems for the investors as well as tenants, which were earlier at the receiving end. Many new laws have been promulgated by the authorities [...]
Stakeholders in the Dubai real estate have been going through a rough period for some time now. There have been various reasons for this suffering. The speculators as well as the real estate investors have been shaken by the debt crisis. The new development plans as well as many continuing projects have came to a [...]
Dubai has been under a lot of pressure since the credit and liquidity crunch unfolded. Dubai has been on proactive mode for making laws that have been pro investor and pro tenant. Last six months have seen promulgation of many new laws for the Dubai real estate. Most of these new laws are focused on [...]
The Prime Minister and Vice President of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum as ruler of UAE announced a decree regarding the renting values of properties in Dubai in 2010. This has been welcomed as a positive sign and is expected to go a long way in building a friendly relationship [...]
Doing business in foreign lands is not an easy venture. There are many external factors that matters before the investor’s confidence starts building up. One of the main issues that really matters is the support of law for the foreigners as well as domestic investors. Until law protects and safeguards the interests of the investors, [...]