This Law amended Law No. 13 of 2008.
We, Mohammed bin Rashid Al Maktoum, Ruler of Dubai,
After perusal of:
- Law No. 8 of 2007 Concerning Escrow Accounts for Real Property Development in the Emirate of Dubai;
- Law No. 16 of 2007 Establishing the Real Estate Regulatory Agency; and
- Law No. 13 of 2008 Regulating the Interim Real Property Register in the Emirate of Dubai and its amendments,
Do hereby issue this Law:
Article 11 of the above-mentioned Law No. 13 of 2008 is hereby superseded by the following:
a. Where a purchaser fails to fulfil his contractual obligations under an Off-plan Sale agreement concluded with a Developer, the following rules and procedures shall apply:
1. The Developer must notify the DLD of the purchaser's non-performance of his contractual obligations. This notification must be submitted on the form prescribed by the DLD for this purpose and must include all details of the Developer and purchaser; a description of the Real Property Unit subject of the Off-plan Sale agreement; a detail...