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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.
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StaffMonday, May 25 - 2009 at 11:58 UAE local time (GMT+4)
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