Business | Property
Free legal service boosts Dubai realty community
The free legal advice now means no one is prevented from pursuing their rights merely because of the possibility they might be priced out of the system.
- By Suzanne Fenton, Staff Reporter
- Published: 00:00 November 3, 2009
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This is good step but we should know to whim investor can contact.Other side if RERA want to improve system then they should take hard decision on developers to protect investors.We have not seen any news where investors are getting money back for cancelled project.Even since last 6 months RERA is not publishing list of cancelled project.
V. K. Jain, Fujairah, United Arab Emirates
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This will really be a good step by Dubai government and if implemented in its spirit then a small investor like me will have a sigh of relief. I have invested in a property in Dubai and paid 25% of the amount for my 2 falts in 2005/ 2006. Still they have not been able to start construction and also not refunding the money. When i contacted then they said you applly for the cancellation and you will get your money in 6 months time. I did the same in April/2009 but now when i called him they said they can not refund the money and if you But now it looks this initiative by Dubai governemnt will help a small time like me. I hope they will fulifill it and force the developers to refund the money to the investors.
Ejaz Ahmad, Dubai, United Arab Emirates
Dubai: The new free legal service to support people embroiled in real estate-related court cases has emerged as a fair way to protect the interests of Dubai's real estate community.
"The objective of this initiative is not merely to meet a need but to ensure fairness and justice is available to anyone who might have a concern involving property, no matter what the circumstances are," Mohammad Sultan Thani, assistant director general of the Land Department, told Gulf News.
The free legal advice now means no one is prevented from pursuing their rights merely because of the possibility they might be priced out of the system.
"The offer of free legal advice is another step in the right direction from Rera [Real Estate Regulatory Authority] as it looks to improve transparency in the Dubai market. Overall confidence in the legal dispute system has been low due to a time-lag in addressing the current backlog. This announcement will go some way in renewing faith in the system," said Matthew Green, head of research and consultancy firm CB Richard Ellis.
One of the local law firms involved in the initiative is Hadef and Partners. Michael Lunjevich, partner at the firm, told Gulf News that "justice for all" is the objective behind the initiative.
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