Register | Forgot password?
Switch to Arabic
Sunday, November 29 - 2009

Dubai plans to simplify property contracts

  • United Arab Emirates: Monday, May 25 - 2009 at 11:58

Dubai plans to introduce a simplified contract that would become the norm for all property purchases in the emirate, reported Gulf News. The standard contract, which has been drawn up by the Dubai Land Department and is waiting for approval, will clearly set out the terms for both buyers and sellers, said Emmad Eldin Farouq, senior legal advisor at the department. The department believes the standardized contract would make it harder for buyers to try to get out of signed deals or to add fine print to existing contracts.

Also consider reading:

Disclaimer:

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.

In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.