DLD Circular To All Time Share Company's

Government of Dubai
RERA - The Real Estate Regulatory Agency
Land Department

Date: 8/12/2011

RERA extend its warmest regards and thank you for your cooperation......

In pursuit of RERA to regulate the real estate profession, in accordance with Dubai law No. 16 of 2007. Your company is required as of this date to abide by the condition of issuing the marketing platform of the Real Estate property as follows:

1. Collecting any amount of money by Real Estate companies is prohibited.

2 Real Estate brokers are not allowed to follow or intercept clients.

3. Real Estate brokers obliged to wear the brokerage card at all time.

4. Promoting or marketing campaign is subject to approval of RERA.

5. Corporation with official by providing all requirement, permits and license when requested.

Failure to comply may consider a violation of the licensing terms condition and regulation issued by RERA and result in imposing the administrative fine on you in accordance with Dubai Executive board decision No. 25 of 2009.

Director of Real Estate Licensing Department