Friday, December 19, 2008

Dubai's RERA urges investors to beware of illegal groups

Dubai's RERA (Real Estate Regulatory Authority) has cautioned investors to stay away from 'illegal groups' relaying misleading and baseless information about property regulations.

The Authorities have urged investors to stay alert and get in touch with RERA, before signing deals.

Circulation of such information is 'highly misleading' and 'deceptive' to investors. This will result in investors losing money directly, if the contracts are not thoroughly read and cross-verified, and if proper legal advice is not sought, officials at RERA announced.

The officials have requested investors to consult them for any official information on Dubai property market and pertaining to investments.

No comments: