Dubai Land Department prepares for real estate rush
Officials at the Dubai Land Department revealed that they are currently preparing for the massive registration of some 15,000 freehold properties developed by real estate company Emaar within the next few months.
Thousands of residential villas in projects such as The Springs, The Meadows and Arabian Ranches will be registering during the period, significantly increasing the office’s workload, according to Gulf News.
The news follows the important announcement in July of areas in Dubai where freehold ownership by non-UAE residents is permitted. "The initial registration of individual plots is a very simple procedure. We will be able to process around 150 per day," stated the director of development and marketing administration at the Land Department, Mohammad Sultan Thani.
"The workload will become much heavier when the registration of apartments starts, but we are ready for it,” he added, explaining that initial plot registration is handled by property developers such as Emaar and Nakheel.
However, the normally speedy registration process can turn into a lengthy and frustrating ordeal when a property is re-sold as both buyer and seller must be present at the Land Department. "They use many complex systems in Australia and we hope to learn from them," Sultan Thani pointed out.