Dubai to issue sweeping real estate law

Posted on 20th August 2008 by admin in Dubai Real Estate - Tags: ,

Dubai Real Estate - Sheikh Mohammed bin Rashid al-Maktoum issue the declaration on the new law, mortgage law aimed and regulating the city active property market.

Khaleejtimes and GUlfnews the leading newspaper in the country release a report Today August 20, 2008 Wednesday saying that the law requires that mortgages be insured, sold by approved banks, registered with the local authorities and that they specify the property value and terms of the load

The decree comes amid a corruption probe involving some of Dubai’s most prominent companies and growing concerns that speculators are inflating prices in the emirate’s frenzied real estate market.

Abu Dhabi signs air-conditioned bus shelter contract with SCO

Posted on 15th July 2008 by admin in Dubai News

Abu Dhabi Department of Transport awards 10-year contract to Ströer Concept Outdoor (SCO) for the provision of air-conditioned bus shelters.

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David Fisher launches Dynamic Tower in Dubai

Posted on 15th July 2008 by admin in Dubai News

Architect David Fisher has officially launched his Dynamic Tower, a unique rotating tower project to be constructed in Dubai and Moscow.

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