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Everything You Need to Know about the New Joint Property Law in Dubai
Furthermore, the new law applies to all major real estate development projects and jointly owned properties in
Dubai, including properties situated within the free zones and special
development zones.
Joint Property Law came into effect on the 18th of November 2019. All stakeholders must conform with the
Joint Property Law by or before the 18th of May 2020, thus giving
all stakeholders a period of 6 months to comply with the law from the date of
effect.
Who is affected by the new Joint Property Law?
The Joint Property Law affects the subsequent stakeholders who must take guidance on what
steps will need to be undertaken to bring their procedures into compliance:
- Rental Dispute Settlement Centre
- Owners associations
- The Institute: Real Estate Regulatory Institute (RERA)
- Management Companies
- Developers
- Legal Auditors
- Hotel Operators
- Insurers
- Contractors
- Investors.
- Land owned by developers,
- Units allocated for independent ownership at these jointly owned properties,
- Members of the owners committee,
- Building management system,
- Plans,
- Management entity,
- Contractual documents concerning the management of jointly owned properties or common parts.