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Article (2).....................................................................................................................................................................................126<br />

Op<strong>en</strong>ing an Escrow Account .............................................................................................................................................128<br />

Managem<strong>en</strong>t of an Escrow Account ..............................................................................................................................129<br />

P<strong>en</strong>alties.......................................................................................................................................................................................131<br />

Final Provisions.........................................................................................................................................................................132<br />

Regulation No. (3) of 2006 135<br />

Determining Areas for Ownership by Non-UAE Nationals of Real Property<br />

in the Emirate of Dubai<br />

Bylaw No. (85) of 2006 139<br />

Regulating the Real Estate Brokers Register in the Emirate of Dubai<br />

Definitions and G<strong>en</strong>eral Provisions.................................................................................................................................140<br />

1. Definitions..............................................................................................................................................................................140<br />

Requirem<strong>en</strong>ts for Registration in the Real Estate Brokers Register ..............................................................142<br />

Obligations of Real Estate Brokers..................................................................................................................................144<br />

Real Estate Broker Remuneration....................................................................................................................................146<br />

Settlem<strong>en</strong>t of Disputes..........................................................................................................................................................148<br />

P<strong>en</strong>alties and Loss of a Real Estate Broker’s Status...............................................................................................149<br />

Final Provisions.........................................................................................................................................................................151<br />

Law No. (7) of 2006 153<br />

Concerning Real Property Registration in the Emirate of Dubai<br />

Title and Definitions................................................................................................................................................................154<br />

Scope of Application and Right of Ownership...........................................................................................................155<br />

G<strong>en</strong>eral Provisions...................................................................................................................................................................156<br />

Functions of the Departm<strong>en</strong>t..............................................................................................................................................156<br />

The Property Register............................................................................................................................................................157<br />

Registration.................................................................................................................................................................................157<br />

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