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Dubai Strata law regulations issued

Overview

The regulatory framework within which property is developed, sold and operated in Dubai has developed further following the implementation of regulations and guidelines relating to jointly owned property. Likely to be referred to collectively as the Strata Regulations, the new rules implement and expand upon the relevant provisions of the UAE Civil Code (UAE Federal Law No 5 of 1985) and the Dubai Law Concerning Ownership of Jointly Owned Properties (Dubai Law No 27 of 2007), and seek to balance the rights of all participants (owners, co-owners’ associations, and the board and management of those associations) in relation to the management and operation of communities and multi-owned buildings in Dubai. The new ownership structure is underpinned by a survey and measurement regime.

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Tags: Real Estate.

Categories related to Landlord and Tenant