Nov 16 2006 |
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UAE: Freehold guide may clarify law
16 November 2006Dubai: The Land Department has released a freehold guide in a bid to clear up the confusion over buying and registering property in Dubai.
This year's additions to Dubai property law outlined specific zones where non-UAE residents can own freehold homes. But the use of different technical names to describe residential areas made buyers question whether their plot was included in the list.
The 168-page Freehold Property Guide includes a full list and map of the designated freehold areas where expatriates and foreigners can own land and hold long term lease titles.
"The market needs this guide. The major developers have branded areas (such as the Greens or the Springs), but the land is officially registered under different names. People were confused about the designated areas and whether the development they lived in was included," said Sultan Butti Bin Mejren, director-general of the Land Department .
Many residents are currently unsure about whether they or the developer must complete the registration process at the Land Department .
The guide has a check list of essential steps for transactions and completing documentation, in addition to guidelines for the registration of real estate agents and brokers, who must now have official certification before doing business in Dubai. Other features include a directory of master developers and private developers and their freehold property projects.
The guide will also include a list of real estate agents and brokers, contractors and consultants, and legal firms.
The Dh25 guide, published in association with Dubai-based Sterling Publications, will be available in English and Arabic from November 21.
The Land Department is also organising two sessions involving presentations on the real estate market by developers, legal firms, financial companies and property agents.
The Focus on Dubai Real Estate will be held in Arabic on November 21 and in English on November 28 at the Land Department .
Both the property guide and the real estate sessions are part of the department's bid to become more involved in property issues.
"Rather than being an observer of the developments in the sector, the Land Department will take on a more active role by regulating the market and its players," said Bin Mejren.
By Robert Ditcham
© Gulf News 2006
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