Rera and Land Department to cancel projects

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The Dubai property regulators are now empowered to start cancelling projects.

Marwan bin Ghalita

, the chief executive of the

Real Estate Regulatory Agency

,

. This is a number he gave back in February, when he said that 27 projects "

". The news is that Law Number 9 of 2009 (see detailed post

) gives Rera and the

Land Department

teeth.

Photo caption: Marwan bin Ghalita, chief executive of the Real Estate Regulatory Authority (right), at a round table with reporters about the Dubai real estate market in February. Nicole Hill / The National