The government decided to exempt the two blocks from paying delay fines at specific rates for residential units

Economy and stock exchange

Tariq Al-Sebaie, Vice President of the New Urban Communities Authority for Commercial and Real Estate Affairs, announced that the Authority has decided to grant 3-month concessions from the date of advertising in newspapers to pay delay fines for residential, administrative and professional units, shops and small plots of land, as well as villas and beach units. Or sold by the Commission.

Al-Sebaie stressed that the implementation of the decision is based on the following: Exemption from the full penalty of delay in the case of payment of all outstanding financial arrears and exemption from 70% delay penalties in the case of payment of 75% of arrears and 45% In the case of payment of 50% of the arrears, and exemption from 20% delay penalties in the case of payment of 25% of the arrears.

He explained that these facilitations are valid only if the allocation is in force, and in the case of cancellation for non payment of financial dues only, and is still in the client's possession. All arrears are to be paid up to the date of payment in response to requests from citizens.

Engineer Tariq al-Sba'i said that these concessions will apply to those who have been issued decisions to cancel and can not withdraw effectively because the building was built in full and can not be withdrawn because it is populated, and for residential units is the resident is allocated to the unit with no allocation to another unit in the same city, For residential, administrative, professional and residential units, plots of small residential land and villas sold by the Authority and canceled for non-payment of dues only, issued by a decision of the Grievance Research Committee to grant a deadline for payment of financial dues loaded with burdens from the date of maturity until the date Payment shall be exempted from payment of delay penalties provided that all receivables are paid in one installment.

The Vice-President of the Commission for Commercial and Real Estate Affairs explained that the facilities are to be implemented under the following conditions: The construction works under a license issued by the City Authority shall be in force at the time of execution. All the cases submitted to the Authority or the City Authority shall be waived. As stated in each case, stressing that these facilities do not apply to the amounts paid before the announcement, except for cases that are entitled to the value of fines only and paid the total value of the origin of the installments due, and does not apply these concessions on land or units that were withdrawn And re-allocated to non.

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