أسئلة قانونية إماراتية عامةLaw No. (7) of 2010

Article (1) Article (3) of the Original Law is hereby superseded by the following:

Article (2) This Law comes into force on the day on which it is issued, and will be published in the Official Gazette. Mohammed bin Rashid Al Maktoum Ruler of Dubai Issued in Dubai on 18 March 2010 Corresponding to 2 Rabi al-Thani 1431 A.H. ©2015 The Supreme Legislation Committee in the Emirate of Dubai 1Every effort has been made to produce an accurate and complete English version of this legislation. However, for the purpose of its interpretation and application, reference must be made to the original Arabic text. In case of conflict the Arabic text will prevail.

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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.