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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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