Tamweel-related cases in Dubai Realty Court

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.

The decree confines the panel’s rulings to Amlak Finance.

Judge Mohammed Khamis Bassiouni, Head of the Judicial Panel, said the 40 cases and disputes related to Tamweel have been referred to the Dubai Real Estate Court following the decree.

“The number of cases and disputes related to Amlak Finance looked at by the committee are about 45,” Bassiouni told Emirates 24|7.

The Judicial Panel was established under a decree in 2009 for prompt settlement of disputes related to Amlak and Tamweel.