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Dubai Multi-Commodities Centre Authority holds Strata Law workshop

The Dubai Multi-Commodities Centre Authority (DMCCA), which oversees and regulates the DMCC free zone, organised a series of Strata Law workshops for some 55 sub-developers of Jumeirah Lakes Towers (JLT).

  • Staff Report
  • Published: 00:15 June 29, 2008
  • Gulf News

Dubai: The Dubai Multi-Commodities Centre Authority (DMCCA), which oversees and regulates the DMCC free zone, organised a series of Strata Law workshops for some 55 sub-developers of Jumeirah Lakes Towers (JLT).

Running over three days, the six interactive sessions addressed several issues related to the implementation of the Strata Law.

The Strata Law, which came into effect on April 1, 2008, relates to the ownership and management of jointly owned property, in Dubai's property developments. These include parking areas, lifts, pools, gyms, gardens and other shared facilities.

The sessions were in keeping with DMCC's whole of project titling structure adopted for Jumeirah Lakes Towers, and outlined a simple eight-step process that sub-developers must undertake to bring their individual projects in conformity with the law, and enable them to transfer title to their unit buyers.

Ahmad Bin Sulayem, Executive Chairman, DMCC, said that as a responsible master developer, DMCCA is taking a proactive approach in adopting the Strata Law for its Jumeirah Lakes Towers development, and aims to set the benchmark in the application of Strata Law among master developers.

"We had organised a similar workshop in April in an effort to spread awareness of the law and its implications.", said Bin Sulayem.

"As the subsequent step in ensuring practical and easy adoption of the law, more informational and interactive sessions such as these will prove useful for our sub-developers," he added.

The Strata Law, which came into effect on April 1, 2008, relates to the ownership and management of jointly owned property.

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