Abu Dhabi to issue rules on regulating real estate sector
Dubai
ABU Dhabi's ruler has issued a decree to regulate and improve transparency in the emirate's real estate sector, requiring brokers and developers to be licensed and introducing rules to protect buyers of projects that are not yet completed.
Sheikh Khalifa bin Zayed al-Nahyan, who is also president of the United Arab Emirates, said that Abu Dhabi would bring in rules governing property advertising and marketing and a means for complaints to be submitted and resolved, according to a statement on official news agency WAM.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
URA prepares massive site in Sengkang to house new residential estate
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
JTC to sell hospitality project being built in Punggol Digital District
Without a game changer, Sentosa Cove condos will continue underperforming
Five-room resale flat in Bukit Merah goes for record S$1.59 million
China developer Fantasia proposes new restructuring terms, shares up