Fortify the market and maintain its attractiveness
His Excellency Sultan Butti bin Mejren, Director General of Dubai Land Department
Dubai, UAE, November 11, 2017: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued Law No. (19) of 2017, partially amending Law No. (13) of 2008 on Interim Property Registration in Dubai. The new law reflects our continuous efforts to complete the legal system that regulates our real estate sector.
Such amendments are announced periodically and follow an in-depth assessment of market needs. They reflect the aspirations of all parties in the real estate sector - from developers to investors - to proactively guarantee their rights.
This allows all parties to take the necessary steps while also understanding their true dimensions, and outlines the pillars of the sector so that we can maintain our leading position, especially when it comes to the protection of rights.
Establishing legislation for the real estate sector began with the founding of Dubai Land Department and has since advanced with the launch of the Real Estate Regulatory Authority, protecting the market from external influences that can have a negative impact. As a result, our real estate market has become immune to any major volatility in the world’s markets.
By issuing this law, His Highness has reassured all concerned parties in the real estate sector that Dubai will remain an oasis of security and stability. We are required to recognise these initiatives and work to implement them, thus contributing to enhancing transparency and consolidating the foundations of the sustainable renaissance in our Emirate, which accepts no substitute for first place.
Home >> Real Estate & Retail Section
UAE Food Bank and Taya Art Production launch ‘Cook of Thousand Meals' initiative ...
Dubai Police claim wheelchair basketball crown at 11th Nad Al Sheba Sports Tourn ...
Mercato Hosts Special Iftar Event for Students of Determination from Rashid Cent ...
Tag Heuer Ambassador And Skateboarding World Champion Sky Brown Soars Above Towe ...
Students of Sharjah Performing Arts Academy Perform Their Own Production and Exe ...
Ski Dubai, in partnership with Dubai Sports Council, to host DXB Snow Run on 19 ...
Lola Cars returning to top-tier global motorsport with technical partners Yamaha ...
Nissan Becomes First Formula E Manufacturer To Commit To Gen4 Until At Least 203 ...
Mandarin Oriental And Its Global Celebrity Fan, Alia Bhatt, Host The Hope Gala, ...
Hotel Indigo Redefines Art Experience with Launch of Keerthana's First Supper
Roghani, Golestan claim Padel crown at 11th Nad Al Sheba Sports Tournament
ADNOC Distribution Shareholders Approve New Five-Year Dividend Policy As Company ...
flydubai adds two destinations in the Kingdom of Saudi Arabia
Media Statement on the occasion of Zayed Humanitarian Day: Humaid Al Dhaheri, Ma ...
Snap, Savour and Win: Dubai Food Festival and Gulf Photo Plus Launch Photograph ...
Greenpeace MENA Reveals North Africa's Polluters- Time for Urgent Action!
Hotpack Global MD emerges Founding VC of Paper and Tissue Business Group at Duba ...
Dubai Shopping Malls Group Set To Delight Shoppers With New ‘Shop. Scan & Win' E ...
Power to progress: Kia K4 next-generation compact sedan sets new design standard ...
Etihad Rail signs agreement for waste management services with BEEAH Group