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DUBAI PROPERTY LAWS & REGULATIONS

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Direction For Jointly Owned Property Declarations

 

 

 

CHAPTER ONE
GENERAL PROVISIONS

 

Article (1)
Terms Used In The Law

 

In these Regulations, the terms and expressions defined in Article (2) of Law No. (27) of 2007 concerning Jointly Owned Properties in the Emirate of Dubai shall have the same meanings assigned to them in the said Article, and any reference to the word "Law" in these regulations shall mean the mentioned Law.

 

Article (2)
Definitions

 

The following words and expressions, unless the context otherwise dictates, shall have the following meanings:

 

Developer means a Master Developer or a Sub-Developer.

 

Entitlement means, in relation to a Unit, the number of shares of ownership in the Jointly Owned Property, as indicated in the Jointly Owned Property Declaration.

 

Existing Project means:

 

  1. a project or part of a project that has been constructed and occupied as at the date this Regulation is signed by the Chairman; or
  2. such other project or part of a project that the Department assesses as being an existing project.

RERA: The Real Estate Regulatory Agency

 

Special Resolution means a Special Resolution as defined in the Owners Association's Constitution.

 

Volumetric Subdivision means a subdivision of a building and the plot of land on which it is situated into two or more volumetric plots, each volumetric plot being defined in the manner prescribed by the Department and comprising part of the building.

 

Article (3)
Giving Effect To The Regulation

 

  1. This Regulation takes effect on the day it is signed by the Chairman.
  2. The Department shall issue decisions, instructions and forms to give effect to and enforce this Regulation.

 

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MENA Properties Highly Commended Award 2013-2014National Association of Realtors
MENA Properties Highly Commended Award 2013-2014National Association of Realtors