Law 9 of 2009 is official

Law 9 of 2009, which introduces a sliding scale to determine the refunds that property purchasers receive if they default on their purchases,

.

The chart to the right is from an earlier report from the law firm

Lovell's

. You can see it

.

See the English version here:

And the Arabic version here:

The law, which amends Law No. 8 of 2007, has already been a hot topic of discussion since it was

. A group of people from the

Dubai Property Investors Group

went over to meet with senior officials at the

Real Estate Regulatory Agency

and

Land Department

today to complain about what they describe as the law's developer bias. I was not at the meeting, but from what I've heard they provided some more clarity. Any members of the group, please comment and let us know what you found out.