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Dubai’s real estate investor protection law awaiting approval

Law will allow 100% refund to investors, right to seek compensation.

The Real Estate Investor Protection Law, or Tanweer, is ready and with the ruler's court for approval, a Dubai Land Department (DLD) official has said.

“We had issued the draft law in the media and we got a lot of feedback. We then fine-tuned the draft law and now it waiting for approval from the Diwan (Ruler’s court),” Duaa Issam Dablan, Senior Deputy Director, DLD, said while talking at the Dubai Real Estate B2B Conference on Wednesday.
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recent update from Majestic Towers

recent update from Majestic Towers

recent update from Majestic Towers

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Declaring work completion for B6 tower

All
Following email received from SH ;

"We have been communicating several times we have informed you that there would be no the entire funds are in the Escrow Account with Ajman Bank , therefore it is not possible for cancellation / or reimbursement / compensation of the paid amount. The tower has completed about 90% and to avoid penalties we request you to made a payment soon. Once the handover time announce delayed payment may cause you to pay

recent update from Majestic Towers

recent update from Majestic Towers

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