Article (16) prescribes severe penalties for conducting development activity without a valid licence. Violators can face an imprisonment sentence and a fine of at least AED 100,000. This same penalty applies to those who submit false documents to ob…
Article (16) prescribes severe penalties for conducting development activity without a valid licence. Violators can face an imprisonment sentence and a fine of at least AED 100,000. This same penalty applies to those who submit false documents to obtain a license or knowingly offer units in fraudulent projects. These criminal sanctions aim to eliminate illegal operators from the market and protect the reputation of the Dubai real estate sector.
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