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
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