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Dubai to issue law to protect real estate investors

Posted on 02 April 2012

Dubai is planning to enforce a new law in mid 2012 intended to protect property investors to prevent fresh crisis that jolted the local real estate market in the wake of the 2008 global fiscal distress, an official has said.
The new law will likely be enforced in June and will ban developers from selling property to investors before at least 20 per cent of the project is completed, said Sultan bin Mujrin, director of the Department of Land and Property in Dubai………………………………………..Full Article: Source


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