Business | Property

Property court to open in Dubai next month

Dubai's Real Estate Regulatory Authority (Rera) will shortly create a property court with operations starting in September.

  • By Suzanne Fenton, Staff Reporter
  • Published: 23:59 August 7, 2008
  • Gulf News

Dubai: Dubai's Real Estate Regulatory Authority (Rera) will shortly create a property court with operations starting in September.

Currently, most people with disputes contact Rera in the hope a solution will be found.

The majority of cases do not make it to the civil court as investors are put off by a waiting period of anywhere between 18 months and three years.

However, with the new court, investors, end-users, tenants, contractors and developers will be able to have disputes heard in a much shorter time-frame.

"Rera has a huge amount of work to do already. Once the court is in place, it will have a better market understanding than the civil courts," said Michael Kortbawi, partner at Bin Shabib law firm.

Real estate is playing a large role in generating revenues for the Dubai government.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Gulf News classifieds
  1. Browse all jobs
  1. Browse all cars
  1. Browse all properties
  1. Browse all classifieds
Business Editor's choice
Abu Dhabi's infrastructure spending
UAE

Abu Dhabi's infrastructure spending

New road networks to reignite construction sector.