To: All companies operating in the residential timeshare
Subject: Promotion Campaigns
Starting from today, it is prohibited to undertake any special promotion campaigns to market residential units on timeshare. Whether by giving free weeks, free gifts to the clients or giving any verbal promises or facilities not mentioned in the purchases contract.
Non-compliance with this circular is against licensing terms and regulations issued by RERA which will result in fines as per the Dubai Executive Council Decision No. 25 of 2009.
Deputy CEO
Date: Jumada al Thani 6, 1435 AH
Corresponding to: 06/04/2014