Dubai Property Experts - New Law Rewarding Honesty

Dubai Property Experts - New Law Rewarding Honesty
 
A new law has recently been passed regarding both lost and abandoned items found in Dubai and entitlement to a monetary reward.

As Dubai Property Experts we feel that the new Law No (5) of 2015 certainly goes a long way to improving the safe image of Dubai.

The law defines that property or money that is lost by its lawful owner without deliberate intention as well as abandoned monies or properties that their lawful owner deliberately abandons them.

The finder of any lost and/or abandoned property is obliged to submit such properties or monies to the police within 48 hours.
 
�Promoting honesty and transparency which can only improve the city for its visitors and residents�

The Dubai police are responsible for receiving, preserving and investigating and will issue a report including detailed description and any other relevant information.
According to the law, the finder of any lost and/or abandoned property that has completed the timely submission is entitled to receive a 10 per cent reward from the total value of the lost and/or abandoned property. The maximum reward amount is up to Dh50,000. Reward is payable whether original owner claimed the property or otherwise. The finder may claim the entire property if it was not claimed within one year from the date of receiving by the police.
We feel the new Law No (5) of 2015 certainly goes a long way in not only retaining the safe image of Dubai but further promoting and encouraging honesty and transparency which can only improve the city for its visitors and residents.
 

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