Law No. (7) of 2010 Amending Law No. (14) of 2007 Establishing the Dubai Real Estate Corporation
Law No. (7) of 2010 Amending Law No. (14) of 2007 Establishing the Dubai Real Estate Corporation
قانون رقم (7) لسنة 2010
- Code
- Dubai-Law-7-2010
- Authority
- H.H. The Ruler
- Category
- Tenancy/real Estate
Articles
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المادة 1
Article (3) of the Original Law is hereby superseded by the following: Article (3) Pursuant to this Law, a public corporation named the “Dubai Real Estate Corporation” is established. The DREC will conduct its business on a commercial basis, and have legal personality, financial and administrative autonomy, and the legal capacity required to undertake all acts and dispositions that ensure the achievement of its objectives. The DREC will be affiliated to the Investment Corporation of Dubai.
المادة 2
This Law comes into force on the day on which it is issued, and will be published in the Official Gazette.
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