NewsRERA reassures property investors that property market in Dubai is safe
The Real Estate Regulatory Authority (RERA) has reassured investors that the property market in Dubai is still safe despite the global financial crisis. However, the authority said on Wednesday that it could not protect those investors who have sought advice from unprofessional real estate agents. Pointing towards an unnamed “illegal group” sending out misleading and baseless information about property laws, authorities have asked investors to consult Rera before entering into any deals and stay alert.
The circulation of such information is both highly misleading and deceptive to investors. This will directly cause investors to lose money if they do not thoroughly read their contracts and seek proper legal advice, Rera officials said. The officials urged the investors to consult them for official information on Dubai’s property market and their investments. They also appealed to investors to work with registered professional real estate agents and developers and to always check the validity of the source of emails, phone calls and newspaper articles.
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