DIFC Revises Freehold Transfer Fee
In order to address the International Monetary Fund’s (IMF) concerns about overinflated markets and to secure long term stability of the DIFC property market, the DIFC Authority announced a revised freehold transfer fee from 3.5%…
DLD Toughens Up on Negligent Developers
Rera Developers will have to setup an IOA before claiming fees for services after the 1st year A new circular published on March 10 by RERA, the regulatory arm of Dubai Land Department (DLD) states…
DLD Makes Unified Real Estate Contracts Mandatory
In line with its stated aim to create a transparent and professional real estate market with clear and measurable standards, Dubai Land Department ( DLD ) has announced the launch of unified real estate contracts.…
New Rental Cap Decree In Dubai
His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued Decree No. 43 of 2013 (“Decree 2013”) in connection with the real estate rental increase in the Emirate of Dubai. The provisions of Decree 2013…
DIFC Amends Real Property Regulations
The Dubai International Financial Centre Authority has announced it has launched a consultation on proposed amendments to its Real Property Regulations. The consultation ends on 22 February 2014. If adopted, the proposed amendments would increase…