Dubai: The Dubai Land Department is preparing an action plan to regulate lease registrations in the emirate’s freehold and free zone areas. This will be routed through the agency’s Rental Affairs Sector.
Dubai Investments Park has signed for the new processes, which will be implemented in phases and include updating relevant data for all properties under DIP jurisdiction and registered in the Land Department’s Ejari system.
The Rental Affairs Sector is working with other developers as well to coordinate the implementation of the new plan, which promises to provide “ease of service to customers”, according to the government entity.
Recently, the Land Department has taken on multiple initiatives in updating the city’s rental procedures. It first brought out a unified contract for leasing residential properties and then announced that it is working on plans for a new rental law that will take into account different property categories.
Hamdan Al Madhani, Director of the Rental Relations Regulatory Department, said: “Exchange [of] best practices will help us to achieve strategic objectives and shared goals, while ensuring that we adhere to the regulations in place at our respective departments.”
For information on the real estate sector within the UAE, please visit our sister site, getthat.com.