Dubai is updating its Real Estate laws to prevent another property bubble and create a clear legal framework to regulate transactions between developers and investors. Not only will the law spell out the duties and duty of both developers and investors, but by clearly outlining the conditions for reselling properties, it’ll reduce speculation that leads to Full Article…
New law for Dubai property registration fees on warehouses
Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued a law altering registration fees for property transactions on warehouses. He issued in his capacity as the Ruler of Dubai, law No.2 for 2013 amending law No.7 of 1997 regarding property registration fees. Under the new Full Article…
Have a property query? DLD officials to answer
Property investors can always register their complaints or seek clarifications from the Dubai Land Department (DLD) by going to their Deira headquarters, but they have a golden chance to get answers directly from the top officials, starting today (Tuesday). “A selection of competent members of the DLD will be available to communicate directly with the Full Article…
Help for Dubai homeowners
A lot of people looking over this column will probably believe that owners associations certainly are a whole new theory. Well you better think again. As the Jointly Owned Property the Strata law, that will be better known locally (JOP) Law had its beginnings in Australia in 1961. Since then the concept has been adopted Full Article…
Property inheritance still presents opaque image
International traders in nearby property will require to view legal fine print Dubai: Also as international and expat buyers seem to snap up property within the UAE within the here and today, they might prosper to get ready for your hereafter. The problem of how a real-estate assets used by someone is offered through inheritance Full Article…