Dubai Property Owners Get Support for Outstanding Service Fees with New Initiative As part of its commitment to global competitiveness and community well-being, the Real Estate Regulatory Agency (RERA), a subsidiary of the Dubai Land Department (DLD), has introduced the “Tayseer” initiative to assist in settling outstanding service fees. Through this initiative, unit owners can clear their overdue...
Over 40,000 Units Expected for Delivery This Year as Developers Stay Optimistic Dubai's real estate market is set for a significant year in 2025, with nearly 42,000 units projected for delivery, marking it as the 'Year of Delivery.' This represents an almost 35% increase from the 27,541 homes handed over last year. Forecasts also indicate that another 60,000 units could be delivered in...
Dubai’s real estate tokenisation plan will enable small investors to access high-value properties without requiring significant capital, according to industry executives. On Wednesday, the Dubai Land Department (DLD) initiated the pilot phase of the 'Real Estate Tokenisation Project' to integrate tokenisation into property title deeds. “This allows investors to enter the high-value property...
Understanding Security Deposit Refund Rules in Dubai Question: I am planning to move out of my Dubai apartment soon. I wish to understand the rules around the security deposit I had given when I moved in. Does the owner have the right to deduct anything from that amount? If so, what are the reasons for which he can do so? Answer: In Dubai, landlords are required to return the security deposit collected...
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