His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has issued a decree authorising Dubai Real Estate Court to rule on cases related to mortgage firm Tamweel and its subsidiares.
According to the decree, the Judicial Panel – which was formed earlier to adjudicate in disputes related to two mortgage firms, Tamweel and Amlak Finance – will no more give rulings on disputes related to Tamweel and would rather refer cases and disputes linked to the mortgage firm to Dubai Real Estate Court.
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