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Burj al arab

New UAE law on bounced cheques: What you need to know

Dubai: The latest changes to the UAE’s Commercial Transactions Law will enhance the force of cheques as a payment instrument and cut time on beneficiary’s claim. The UAE Cabinet amended certain provisions of Federal Law No 18 of 1993, that includes bounced cheques. The law will allow collection of payments through cheques and requiring banks…

Dubai Holding’s Madinat Jumeirah Living on track for handover

Dubai Holding’s Madinat Jumeirah Living on track for handover

Flagship 3.85 million square feet project in central Madinat Jumeirah district broke ground in 2019 Dubai Holding’s flagship residential development, Madinat Jumeirah Living, an exclusive freehold project located in the prime Madinat Jumeirah district, opposite the world-famous Burj Al Arab is on track for timely handover in Q2 2021. The 3.85 million square feet resort…