Dubai Real Estate: Three New Developments You Need To Know

1. REGISTRATION OF TITLE TO FREEHOLD PROPERTY: STILL A COMPLICATED AFFAIR?

Earlier this year, the Dubai Land Department (DLD) put a hold on registering titles to freehold properties in the names of foreign (non local) entities. Further to that policy, titles still continued being registered in the name of local entities subject to the shareholders being individuals.

The DLD is now implementing a new policy effective 26 October 2010 in respect of registration of title to freehold properties. This new policy follows the signing of a memorandum of understanding between the DLD and Jebel Ali Free Zone (JAFZ), and the terms of this memorandum of understanding are confidential and not available to the public.