| 01.07.2009 - UAE- Ras Al Khaimah creates real estate regulatory body |
| From Menafn.com: A statement released by the Ras Al-Khaimah Investment Authority (Rakia), the body overseeing the emirate's growth, said that it has created a property regulator to safeguard investors and ensure construction funds are not misused, Reuters reported. According to the statement, the Rakia Real Estate Regulatory Authority (Rera) will oversee the implementation of the escrow account law for freehold property under Rakia.........Full Article: Source |