ABSTRACT
The development of real estate legislation in Dubai was pronounced between 2002 and 2010. Following the creation of Dubai’s RERA in 2007, the market has seen it playing an increasingly public and crucial role in developing and supervising Dubai’s real estate regulatory framework. These legislative developments were initially for financial institutions related to registration of lender’s pre-mortgage interests and were extended to cover loan-to-value lending criteria; landlord and tenant responsibilities as well as the enhancement of valuation practices. Buildings and units within the property market are more than just physical units, they are legal rights. This chapter will outline the key rights and interests that can be held in Dubai. It examines lease information and regulation vital to other professional areas such as valuation and property management. Purchase and sale and agency law are covered alongside wider professional ethics.
