1. The persons who start any of the activities aforesaid in Article (5) of this Law, shall adjust their situation according to the provisions thereof within (90} days from its effective date and the Department may extend this period for all categories of licensees or for a particular category as it deems appropriate.
2. The developers who have real estate development projects that are ongoing or were completed at the time of application of the provisions of this Law, shall adjust their situation in conformity with its provisions within (1 2) months from its effective date. The Department may extend this period to any other period(s).
1 . The developer shall register with the Department the main or subsidiary development plan, as the case may be, for any real estate development project existing before the effective date of this Law.
2. The developer shall register with the Department the floor plan or compound plan for any real estate development project that was started before the effective date of this Law and that includes a real estate unit or a property jointly owned or used.
The Department may collect fees for the services offered thereby pursuant to the provisions of this Law. These fees shall be specified in the Executive Regulation issued by the Department in this regard following the approval of the Executive Council.
The Chairman shall issue the Executive Regulations required for the implementation of the provisions of this Law following the approval of the Executive Council.
The Chairman shall issue the regulations and resolutions required for the implementation of this Law.
This Law shall be published in the Official Gazette and shall be effective six months following its publication.
Issued by us in Abu Dhabi
Date: 10 June 2015
Corresponding to: 23 Shaaban 1436 H