http://blog.luxuryproperty.com/dubai-properties-sets-new-record-with-sale-of-entire-building-in-a-single-day/ global luxury real estate and luxurious developments around the world - the international luxury property source for buyers, sellers, investors, and professionals Mon, 06 Feb 2012 13:33:58 +0000 hourly 1 http://blog.luxuryproperty.com/dubai-properties-sets-new-record-with-sale-of-entire-building-in-a-single-day/comment-page-1/#comment-15570 New legislation in Dubai to curb market « International Property Investment Wed, 10 Sep 2008 08:25:20 +0000 http://blog.luxuryproperty.com/?p=403#comment-15570 [...] Eng. Salwa Malhas, Executive Vice President at Al Mazaya Holding, said, “New laws are being issued in Dubai’s real estate market from time to time, in order to regulate the market. Most of the time, these laws receive some criticism and disapproval from real estate professionals but, once adopted and implemented, their significance becomes apparent to the market. These new laws are issued in order to safeguard the activities and stability of our real estate sector and to eliminate harmful practices. The latest laws, once implemented, will shock the real estate market, since most sales contracts are being signed on off-plan property units. The new laws pose a serious threat to property sales activity in the emirate.” [...] [...] Eng. Salwa Malhas, Executive Vice President at Al Mazaya Holding, said, “New laws are being issued in Dubai’s real estate market from time to time, in order to regulate the market. Most of the time, these laws receive some criticism and disapproval from real estate professionals but, once adopted and implemented, their significance becomes apparent to the market. These new laws are issued in order to safeguard the activities and stability of our real estate sector and to eliminate harmful practices. The latest laws, once implemented, will shock the real estate market, since most sales contracts are being signed on off-plan property units. The new laws pose a serious threat to property sales activity in the emirate.” [...]

]]>