Dubai: Three developers fined Dh500,000 each for violating real estate law

Three developers in Dubai have been penalized Dh500,000 each for advertising and marketing off-plan property projects within the emirate without going through the necessary registration processes. The Dubai Land Department (DLD) did not disclose the identity of the developers but said they had broken the law on real estate development escrow accounts. A real estate … Continue reading Dubai: Three developers fined Dh500,000 each for violating real estate law