W
Waterdale
New Member
As the Land Department and the Real Estate Regulatory Authority (RERA) put the final touches on the implementing regulations to be issued under Law No. (27) of 2007 On Ownership of Jointly Owned Properties in the Emirate of Dubai (the Strata Law),it seems an opportune time to reflect on the key features and advantages that a fully operational strata title regime will bring to the Dubai property market.
The introduction of Law No. (7) of 2006 Concerning Real Property Registration in the Emirate of Dubai (the Registration Law) was the first step in attempting to bridge the gap between the growth in development and the sophistication of the property law system governing such development by introducing a system of ownership registration to bring it in line with other established world markets.
The introduction of the Strata Law is the next step in the growth of the property law system as it incorporates apartment ownership (and the ownership of other jointly owned property) within the registration system.
Attention all owners and owner's associations!
Reply to this thread if you need any help related to this topic!
The introduction of Law No. (7) of 2006 Concerning Real Property Registration in the Emirate of Dubai (the Registration Law) was the first step in attempting to bridge the gap between the growth in development and the sophistication of the property law system governing such development by introducing a system of ownership registration to bring it in line with other established world markets.
The introduction of the Strata Law is the next step in the growth of the property law system as it incorporates apartment ownership (and the ownership of other jointly owned property) within the registration system.
Attention all owners and owner's associations!
Reply to this thread if you need any help related to this topic!
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