Developers will be responsible for fixing faults in individual
units for a year, and for building structures for a decade
A law governing jointly owned properties was passed in Dubai
with the aim to "boost competitiveness and enhance investment
in the real estate sector".
A Dubai government statement issued on Tuesday evening stated
Law No 6 of 2019 will create a register for jointly-owned
properties, featuring "all information related to the land
owned by developers and real estate units meant for independent
ownership".
The register will include details of owners, any ownership
committee and information such as responsibilities for common areas
and maintenance costs. It places obligations on developers of
mega-projects to put suitable building management systems in place,
which need to be approved, and establishes roles for owners'
committees. An owners' committee needs to be set up once 10 per
cent of a jointly-owned property's units have been sold
