Dubai investors to provide additional rights

Control Agency operations in the Dubai real estate (Real Estate Regulatory Agency in Dubai, RERA) is developing a new law that will provide investors in the new property rights. Announce the details of the bill at the initial stage RERA refused, but his representative has confirmed that the law will "cover all aspects" and to protect the rights of investors. "We together with the Dubai Land Department is considering a new law that protects the rights of investors in real estate. Our ultimate goal is to ensure that justice and the installation of appropriate rules and regulations to regulate the relationship between developers and investors ", - said the representative of the authorities. He added that the first quarter of 2010, the bill will be submitted to the government. It is expected that the new law will help the emirate regain investors' confidence, which was shaken after the news that the state-owned company Dubai World, and its subsidiary Nakheel, have huge debts of $ 59 billion., And are now trying to restructure the $ 26 million. Debt. On this Site www.themovechannel.com