News Releases
 
Newly Established Agencies to Monitor Property Laws and Registration
 

Dubai Land Department is undergoing a major restructuring process to effectively supervise the emirate's booming property sector. The department will create two agencies under its umbrella to cope with the sky rocketing freehold property registration as well as the vast additions to the emirate's regulatory framework. The agency will supervise key regulations governing the property sector, including recent laws on real estate brokers, trust accounts and upcoming rules on the responsibilities of Home Owners Associations (HOA).

A separate agency shall be established at a later stage to deal solely with the on going registration of freehold title deeds in Dubai. The following are the key roles of the to be set up agencies:

 
  • Supervise operations of property developers, property management companies, financing institutions, brokers, and owners association.

  • Responsible for registration and endorsement of lease contracts, and licensing property development establishments.

  • Responsible for approving financial institutions qualified to manage escrow accounts.

  • Manage & supervise the works of Home Owner's Associations and monitor property advertisements.

 

 
 

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