Dubai developers net illegal fees from buyers

Dubai developers net illegal fees from buyers

By Elizabeth Broomhall

Wednesday, 1 June 2011 2:01 PM

Dubai developers are charging homeowners thousands of dirhams in illegal registration fees in a bid to ramp up profits, a report by law firm Hadef & Partners said.

Dubai Land Department (DLD) is the only body legally allowed to collect fees for registering properties, yet some developers continue to flout the law by demanding additional sums, the report of 350 buyers and industry professionals found.

via Dubai developers net illegal fees from buyers – Real Estate – ArabianBusiness.com.

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