May EN 2019

5 Real estate fraud has a negative bearing on ongoing efforts to attract FDI inflows into the region, according to Al Mazaya Holding's weekly real estate report. Overall, the real estate sector is a hotbed for fraudulent activity, with fraudsters seeking to abuse social norms and misuse the legislation introduced by the GCC countries to attract investments and develop related laws and regulations, in carrying out their fraud schemes. Al Mazaya: Real estate fraud obstructs economic, financial development at regional, international levels Lack of sufficient knowledge, inexperience provide fertile ground for fraudsters Mazaya Monthly Real Estate Report Week 2 - May 2019