New Property Law

Mohammed bin Rashid issues new law on Dubai Real Estate Institute

DREI is authorised to grant certificates to real estate professionals, service providersDubai: In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Moham...

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No developer can impose rules on holiday homes in Dubai

Dubai: No developer or owners association (OA) in Dubai can bar licensed holiday home operators from their buildings or communities.This has been made explicitly clear by a new directive issued by Dub...

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The new Jointly Owned Property law: a well-timed initiative?

Last year the new Jointly Owned Property Law (Law 6 of 2019) replaced the Old Law 27 of 2007. Among other things, it brings about a change in the operation of jointly owned property and the roles and ...

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Property lending beyond 20% at banks’ own risk: UAE Central Bank Governor

Abu Dhabi: Banks in the UAE looking to property lend above the 20 per cent cap must first look at the risks involved and the return on their investments before making their decision, said UAE’s top ba...

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New draft law calls for rent freeze for first three years in Dubai

A new draft rental law has proposed that apartment rents should be fixed for a period of three years, according to local media reports.According to the Arabic-language Emarat Al Youm newspap...

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