In Dubai, Jointly Owned Properties (JOP) are real estate developments where multiple parties jointly own and share common areas and facilities. These properties can either be residential, commercial or a combination of both. To facilitate and strengthen the relationship between different co-owners, Law No. 27 of 2007 concerning ownership of Jointly Owned Properties was introduced in the Emirate of Dubai.
In addition, potential real estate investors must be familiar with the legal requirements associated with such properties. To address this, we have provided a detailed overview of the Jointly Owned Property registration in Dubai. These insights will make the journey smoother for individuals, developers and investors.
What are Jointly Owned Properties in Dubai?
Jointly Owned Properties (JOPs) in Dubai represent a distinctive form of real estate development where ownership is held by multiple parties, fostering a shared stake in the property. These can take the form of residential or commercial properties, or a blend of both, creating diverse investment opportunities.
Moreover, in JOPs, individual owners hold specific units within a development, enjoying exclusive ownership rights, while having joint ownership of common areas and facilities.
Let us take this explanation further with a simple example. Consider an apartment in Dubai where each person owns their own apartment or office space. Here, everyone jointly owns and shares common areas like the lobby and gym. It’s like having your place and being part of a little community, sharing responsibilities for the shared spaces.
Moving forward, here’s all you need to know about the registration of jointly owned properties in Dubai and related laws.
New Jointly Owned Property Law in Dubai
Law No. (27) of 2007 and its amendment Law No. (26) of 2019 is the legal framework for jointly owned properties in Dubai. This law for JOPs in Dubai creates harmony among co-owners of shared spaces since it explains the responsibilities and duties of stakeholders with DLD and RERA.
Under the new law, the jointly owned properties are divided into Major Projects, Hotel Projects and Other Real Estate Projects. Moreover, developers or property management companies in Dubai are responsible for the upkeep of these property units.
Let’s now review the details of jointly owned property registration in Dubai.
Things to know About Jointly Owned Property Registration In Dubai
The Dubai Land Department (DLD) keeps a special record that contains important information about Jointly Owned Properties. This file includes the following details:
- Information about the land plots owned by developers earmarked for the construction of Jointly Owned Real Property.
- Particulars regarding units designated for individual ownership within Jointly Owned Real Property, sold by developers, along with the names of the respective unit owners.
- Details concerning members of Owners Committees.
- Regulations governing the management of buildings.
- Architectural plans.
- Information about entities responsible for property management.
- Contracts related to the management of Jointly Owned Real Property or shared areas.
- Declaration of the total area of common parts and designated common parts, specifying their ratio to the overall area of units in the Jointly Owned Real Property.
- Particulars of areas within the Jointly Owned Real Property that the developer owns.
In case someone wants documents, certificates or Title Deeds related to their specific property, they can ask the DLD. As long as they’re involved or interested, they have the right to look at the information in this record. It’s like a central hub of information that helps everyone involved in Jointly Owned Properties stay organised and informed.
OTHER OBLIGATIONS
When you own a Jointly Owned Property in Dubai, some important documents become a part of your ownership. These include the plans, master community declaration, statute and building management regulation. DLD will keep the original copies of these papers.
That said, if you live or work in one of these properties, you have to follow the rules outlined in these regulations.
Here are some simplified points for JOPs registration in Dubai.
- Title Deed Contents: The plans, master community declaration, statute and building management regulation become part of the title deed for Jointly Owned Real Property and the DLD keeps the original copies.
- Occupants’ Responsibilities: People living or working in these properties must follow the rules mentioned in the Master Community Declaration, Statute and Building Management Regulation that apply to them.
- Developer’s Duties: After finishing the property construction and getting an official completion certificate, the property developer in Dubai must give DLD the mentioned documents within 60 days. If they need more time, they can ask for an extension.
- Exception for Building Management Regulation: If the building management regulation is prepared by RERA, the developer doesn’t need to submit it separately.
- Consequences of Delay: If the developer doesn’t submit the required documents on time, the DLD can ask someone else to do it and the developer has to pay for all the costs.
- Issuing and Updating Maps: The DLD will create and update maps with common areas, designated common parts and common facilities as per the law’s rules.
Rules for Designated Car Park Units
The parking spaces of a jointly owned unit are considered a crucial part of that unit and cannot be separated or sold independently. Developers must follow the rules set by the competent authority and register both units and their designated parking spaces in the names of their respective owners. In addition, units cannot be sold without their designated parking spaces.
If an owner wishes to buy extra parking spaces beyond what’s designated for all units, they can do so by following the guidelines set by the Director General.
FAQs
What is a jointly owned property in Dubai?
A jointly owned property unit is a building with shared areas and the land it stands on, or divided land plots for individual ownership.
Can an occupant alter a jointly owned property unit in Dubai?
Yes, they can. However, they must first acquire approval from the DLD, the Master Developer and the Competent Authority.
What is Munaqasat Service by DLD?
The Munaqasat Service by DLD oversees and standardises tendering processes of services and maintenance within the JOPs in Dubai.
This brings us to the end of the details of Jointly Owned Property Registration In Dubai. Registration of jointly owned properties in Dubai provides legal recognition, enhances transparency and ensures adherence to regulations for a regulated real estate environment. Besides, if you are on a property hunt in the Emirates, consider these properties for sale in Dubai that offer a myriad of choices.
For more on real estate rules and regulations in the Emirates, stay tuned to dubizzle’s property blog.
