Monday, June 7, 2010

Jointly Owned Property Law

On 10th December 2007, Law No. (27) of 2007 on Ownership of Jointly Owned Properties in the Emirate of Dubai was issued laying the foundations of a “Strata” form of property ownership in Dubai. The Jointly Owned Property Law contemplated the passing of further rules and regulations providing more detail on how the property ownership scheme would be implemented and operate. These rules and regulations were termed the “Implementing Regulations”. The Implementing Regulations (excluding the Survey Directions) have now been published as “Directions”, effective from 13th April 2010.

Dubai Rentals

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