ABU DHABI // Property professionals must take part in training and obtain a permit from the Government before they can do business in Abu Dhabi, under a new law.
As part of tighter regulations for the industry, the Department of Municipal Affairs will begin issuing the permits for developers, brokers, surveyors and auctioneers, the Government announced yesterday.
Others affected include assessors and managers of owners’ associations.
Training will improve the industry by bringing better service to the public, said Yousef Al Kuwaiti, a director at the DMA.
“The courses will also boost the knowledge of real estate professionals such that they can shoulder their duties and practise their rights in a transparent manner that safeguards the entitlements of all stakeholders,” Mr Al Kuwaiti said.
The law comes into effect on January 1 with a 90-day grace period, meaning those professionals without permits by the end of March will not be allowed to practise.
Sheikh Khalifa, President of the UAE, issued the law in June. It includes provisions regulating property development, buying, registration, brokerage, assessment, fees, security mortgage and joint-ownership management.
The DMA’s training courses will be held in conjunction with Abu Dhabi Vocational Education Training Institute and the Management and Real Estate Academy in Dubai.
Courses have already been held with staff from the DMA’s property division, and those for brokers and others will begin next month, according to Sally Akkad, a manager with the academy. “We are the only academy providing these courses that will give you the certificate to enable you to work in the real estate field in Abu Dhabi,” she said.
Property industry insiders welcomed the law, saying they were keen to have greater regulation.
“Having these classes of people regulated is a good thing but we just hope it will be backed up by enforcement,” said Ben Crompton, managing director of Crompton Partners.
“It is one thing issuing licences to good brokers but another enforcing rules against those with no licences.
“We hope this will be more than a paper exercise and that the municipality will go after people breaking the rules.”
Several other brokers said they were not aware of the new laws.
“I’m all for the industry being regulated. There are a lot of bad agents here so anything that brings in qualification or certification, I’m all for that,” said Liam Coady, a leasing consultant with M D Real Estate.
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DEADPOOL & WOLVERINE
Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin
Director: Shawn Levy
Rating: 3/5
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Syria squad
Goalkeepers: Ibrahim Alma, Mahmoud Al Youssef, Ahmad Madania.
Defenders: Ahmad Al Salih, Moayad Ajan, Jehad Al Baour, Omar Midani, Amro Jenyat, Hussein Jwayed, Nadim Sabagh, Abdul Malek Anezan.
Midfielders: Mahmoud Al Mawas, Mohammed Osman, Osama Omari, Tamer Haj Mohamad, Ahmad Ashkar, Youssef Kalfa, Zaher Midani, Khaled Al Mobayed, Fahd Youssef.
Forwards: Omar Khribin, Omar Al Somah, Mardik Mardikian.
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COMPANY PROFILE
Company name: Letstango.com
Started: June 2013
Founder: Alex Tchablakian
Based: Dubai
Industry: e-commerce
Initial investment: Dh10 million
Investors: Self-funded
Total customers: 300,000 unique customers every month
T20 World Cup Qualifier A, Muscat
Friday, February 18: 10am - Oman v Nepal, Canada v Philippines; 2pm - Ireland v UAE, Germany v Bahrain
Saturday, February 19: 10am - Oman v Canada, Nepal v Philippines; 2pm - UAE v Germany, Ireland v Bahrain
Monday, February 21: 10am - Ireland v Germany, UAE v Bahrain; 2pm - Nepal v Canada, Oman v Philippines
Tuesday, February 22: 2pm – semi-finals
Thursday, February 24: 2pm – final
UAE squad: Ahmed Raza (captain), Muhammad Waseem, Chirag Suri, Vriitya Aravind, Rohan Mustafa, Kashif Daud, Zahoor Khan, Alishan Sharafu, Raja Akifullah, Karthik Meiyappan, Junaid Siddique, Basil Hameed, Zafar Farid, Mohammed Boota, Mohammed Usman, Rahul Bhatia
All matches to be streamed live on icc.tv
SPECS
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RESULTS
6.30pm UAE 1000 Guineas Trial Conditions (TB) US$100,000 (Dirt) 1,400m
Winner Final Song, Christophe Soumillon (jockey), Saeed bin Suroor (trainer).
7.05pm Handicap (TB) $135,000 (Turf) 1,000m
Winner Almanaara, Dane O’Neill, Doug Watson.
7.40pm Handicap (TB) $175,000 (D) 1,900m
Winner Grand Argentier, Brett Doyle, Doug Watson.
8.15pm Meydan Challenge Listed Handicap (TB) $175,000 (T) 1,400m
Winner Major Partnership, Patrick Cosgrave, Saeed bin Suroor.
8.50pm Dubai Stakes Group 3 (TB) $200,000 (D) 1,200m
Winner Gladiator King, Mickael Barzalona, Satish Seemar.
9.25pm Dubai Racing Club Classic Listed Handicap (TB) $175,000 (T) 2,410m
Winner Universal Order, Richard Mullen, David Simcock.
Company%20Profile
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