UAE: Buildings in Freehold Clusters to be Insured

March 2008
MiddleEast Insurance Review;Mar2008, p18
Trade Publication
The article reports that all buildings in every freehold property cluster will be insured following the new provisions in the real estate law which took effect in February 2008 in Dubai, United Arab Emirates. According to Dubai Land Department head Sultan bin Butti and Marwan Ahmed bin Ghalita, CEO of Real Estate Regulatory Authority, the new provisions would be beneficial to the owners of the free-hold properties. Marwan added that each unit owner is liable to pay the insurance premium.


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