Dubai Real Estate
You Are Here :
Add to: Mr. Wong Add to: Webnews Add to: Icio Add to: Oneview Add to: Yigg Add to: Linkarena Add to: Digg Add to: Del.icoi.us Add to: Reddit Add to: Simpy Add to: StumbleUpon Add to: Slashdot Add to: Netscape Add to: Furl Add to: Yahoo Add to: Blogmarks Add to: Diigo Add to: Technorati Add to: Newsvine Add to: Blinkbits Add to: Ma.Gnolia Add to: Smarking Add to: Netvouz Add to: Folkd Add to: Spurl Add to: Google Add to: Blinklist

OFF-PLAN LAWS

PDF Print E-mail
dubai law no. (8) of 2007 was enacted to provide legislative protection to purchasers in off-plan (le., pre-construction) transactions.
a developer who wishes to sell units off the plan must apply to the dubai land department to open a guarantee account through which sums paid by buyers of units off the plan or paid by financing parties shall be deposited. additional protection has been added through the issuance of dubai law no. (13) of 2008, which will become effective 60 days after it is published in the official gazette. it provides for the creation of an interim real estate register to record all transfers of real estate units off plan. any sale or other disposition that transfers or restricts title or any ancillary rights shall be void if not recorded in that register.
 
< Prev   Next >
Copyright 2008 Realtyna. All rights reserved Privacy Policy