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New guidelines released to implement Dubai Strata Law
DUBAI — The Land Department on Tuesday released detailed guidelines to implement Dubai’s ‘Strata Law’. The move introduces a new regulatory framework which redefines the rights, responsibilities and obligations of all parties to jointly owned properties such apartments, commercial units and masterplanned communities.
Implementation of the guidelines and the effect will be to immediately transform the nature of ownership of a major slice of Dubai’s total property stock while introducing a new form of ownership blending freehold and commonhold of communal areas. The new ownership structure is underpinned by a survey and measurement regime which guarantees the scope and extent of ownership rights.
Announcing the guidelines, Sultan bin Butti bin Mejren, Director-General of the Land Department, said: “The implications of releasing these guidelines today are profound and far reaching for the Dubai’s property sector.
“The effect is wholly beneficial and the sector has been given a strength and depth which all sections of the market will appreciate. Those who take on joint ownership as a result of their purchase of an apartment or office, for example, and with specific rights to communal areas, have been empowered by the provisions of the guidelines.
“These guidelines are very necessary and bring a new type of real estate ownership to Dubai, categorically defining the rights of individuals on one hand, of residential communities on the other, and establishing the balance between the two.
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