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أخبار 24
Municipal real estate contract cancellations require compensation
The Valuers' Authority will be required to develop a mechanism to assess the damages resulting from the cancellation of municipal real estate investment contracts, in order to compensate affected parties. This step is part of the efforts by the Ministry of Municipalities and Housing to strengthen investor protection and regulate contract cancellations, with clear procedures to ensure the rights of all financial parties. No specific details have been provided regarding the timeline for implementing the mechanism or the expected amounts of compensation, but the decision reflects the government's orientation toward safeguarding rights and investments in the real estate sector.
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