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Rera to clamp down hard on developers

Discussion in 'Dubai property' started by talk, Jan 7, 2009.

  1. talk

    talk New Member

    According to the National, Rera are quickly drawing up new regs forcing developers to have 20% of a building completed before sales can start.

    Investors must then pay a 30% lump sum up front and then 70% over construction.

    This hopefully is a sign that the govt is finally listening to investors,their worries and fears.
     
  2. georgihh

    georgihh New Member

    Looks like RERA or whoever is trying to stop any construction for some time.
    In this way Nakheel and Emaar will be able to sell the unsold units in a shorter period.
    This could help boost the prices in the near future
     
  3. sk302016

    sk302016 New Member

    post the link about this news

    Would uou please post the link about this news?

    Thanks!
     
  4. Gashead

    Gashead New Member

    Can someone please confirm that RERA is only applicable for Dubai?
     
  5. PropGuy

    PropGuy New Member

    yea RERA is only for Dubai.
     
  6. talk

    talk New Member



    Arabian Business.com Real Esate News
     
  7. monsi

    monsi New Member

  8. djaan

    djaan New Member

    too late........................
     
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