DLD plans to upgrade Dubai’s property laws

The Dubai Land Department DLD has said that upgrading the emirate’s property laws is necessary to avoiding another property bubble, with the Real Estate Investor Protection Law at the forefront of the forthcoming legislations, Gulf News has reported. “The remarkable growth the real estate market is witnessing in Dubai requires serious modification and upgrading, aiming to avoid all previous obstacles, that the market experienced during the financial crisis in the last few years,” director general of the DLD, Sultan Bin Butti Bin Mujren, told the daily. The modification tackles all legislations related to investors’ law, properties’ owner associations, financing projects and liquefy cancelled project, brokerage, selling template contracts and others related issues, said Bin Mujren.

via DLD plans to upgrade Dubai’s property laws | Real Estate | AMEinfo.com.