Mohammed issues law on Dubai Land Department

In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued Law No. 07 for 2013 regarding the Dubai Land Department.

The law defines the department?s objectives as the government entity responsible for registration, organisation and promotion of real-estate investment in Dubai. The Law aims to provide an attractive environment for investment by implementing international standards. Additionally, the Law describes the Department?s specialisations, tasks and competencies to support the sector?s development efforts.

Pursuant to Law No. 07 for 2013, the Land Department will work to achieve the objectives of the Dubai Government?s strategy in the real-estate sector and keep pace with the latest international systems and practices in real-estate registration, within the framework of strategic objectives which include planning and developing an integrated strategy to enhance real-estate industry in Dubai, boost control and monitoring competency, overseeing and developing real-estate renting sector, developing registration systems and encourage investments by establishing convent environments to promote the role of real-estate in Dubai?s comprehensive development plan.

via Mohammed issues law on Dubai Land Department – Emirates 24/7.