Quote:
Originally Posted by sval
It is very late in the day for RERA to come up with this "clarification" - when thousands of properties have been sold and advertised on this basis !
It is not that they were unaware of these Advts even by Nakheel, Emaar etc.
This U - Turn will be a big shock to the property market since there were many who were looking at Dubai as a second home option.
What Next, change all Freehold to Leasehold ?
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If you do not get a residence visa to live in the country, what's the point of having a freehold property.
RERA is in a state of confusion. Give them time, everything should be OK.
They will change the rule in due course. When is the question.
Regards
Roshan