New law requires developers to submit all necessary documents of jointly owned real estate projects to the DLD within 60 days of the completion date.

The law, issued by Sheikh Mohammed bin Rashid Al Maktoum, UAE vice president and Prime Minister and Ruler of Dubai, is aimed at “boosting competitiveness and enhancing investment” in the real estate sector while ensuring the rights of all parties are protected, said a report from state news agency WAM.

Read more on: https://www.arabianbusiness.com/property/428721-new-law-plans-to-regulate-the-joint-ownership-of-real-estate-in-dubai/