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Judicial Committee To Settle Bounced Cheques In Real Estate Deals

Vice President and Prime Minister of UAE H. H. Sheikh Mohammed Bin Rashid Al Maktoum has issued in his capacity as Ruler of Dubai a decree setting up a judicial committee to look into cheques dealing with real estate transactions.

The committee will settle cases related to dud cheques whether issued by the buyer to the developer or from tenants and beneficiaries of long term units under the provisions of law no 7 of 2006 regarding real estate registration in Dubai.

Judgments pronounced by the committee will be decisive and unchallengeable.

The committee will be granted a set of powers in order to discharge its duties properly.