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UAE: Dubai Real Estate Firm Fined Dh50,000 For Violating Laws
May 10th, 2020 - 12:00 GMT

UAE: Dubai Real Estate Firm Fined Dh50,000 For Violating Laws

The Real Estate Regulatory Agency (Rera) has imposed a Dh50,000 fine on a real estate company for violating the laws related to the escrow account and permits of real estate advertisements. The company was found to have committed a group of violations related to the promotion and advertising of real estate projects not registered under its name. The violations also included issuing investment contracts to customers of those projects, receiving ...
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