Thursday 2 May 2024
 
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property sale

Abu Dhabi ruler issues law to regulate property market

Abu Dhabi's ruler has issued a decree to regulate and improve transparency in the emirate's real estate sector, requiring brokers and developers to be licensed and introducing rules to protect buyers of projects that are not yet complete

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Nakheel halts sales of new properties

Developer Nakheel, Dubai World's property arm that is restructuring $10.9 billion in debt, said it has stopped selling new properties and is focusing on consolidation. 'Nakheel is currently focusing on consolidating and swapping it

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