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Department of Municipalities and Transport issues regulatory decisions to enhance transparency and governance in real estate sector in Abu Dhabi

Four administrative decisions issued to implement provisions of Law No. (3) of 2015 in Abu Dhabi (as amended), addressing escrow account disbursement controls, jointly owned property management, owners; committee bylaws, and compensation due to developer in the event of a purchaser breach of obligations under an off-plan sale agreement, as well as the procedures for refunding of outstanding amounts to the purchaser Abu Dhabi continues to strengthen its position as a leading global real estate investment destination through a flexible and sustainable legislative environment that supports developers, protects investors, and responds to fut

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Department of Municipalities and Transport issues regulatory decisions to enhance transparency and governance in real estate sector in Abu Dhabi

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