Dubai ruler Sheikh Mohammed has issued a decree to set up a judicial committee that will settle disputes over bounced cheques in the real estate sector.

The committee will settle cases related to dud cheques whether issued by the buyer to the developer or from tenants and beneficiaries of long term units, state news agency WAM reported.

Judgments pronounced by the committee will be decisive and unchallengeable, and the committee will be granted 'a set of powers in order to discharge its duties properly', the report said.

arabianbusiness.com