Due to emerging real estate disputes, it makes necessary for UAE’s government to make and implement better laws. The main reason behind it is nothing but to bring a standard way of dealing with such issues.
The real estate in Dubai is quite mature and is making its way to betterment every passing day. This is ultimately making them understand their duties and rights as well so that they may change their behavior as per the need.
Resolving property disputes in the UAE
Whenever a property dispute arises, people rush towards the arbitration lawyers in Dubai. Well, there are so many other options as well to resolve the property disputes an amicable manner. Some are mentioned below;
Amicable Settlement Centre (ASC)
We all know how desperate can a person be when he gets indulged in a property dispute where there seems no way out. Still filing the claim in the court of the law should be kept as the last option. When nothing else works. This is because it involves too much time and money as well.
When you refer your complaints to ASC, you get to seek help from professionals who completely resolve the dilutes in a less period of time. The mediators here extract the best information from their databases and inform their clients very efficiently.
One of the best thing about ASC is that they do not charge any fees so you do not have to worry about your funds in this case. They make the associated parties sign an agreement of settlement after they resolve the issue.
DLD Legal Affairs Department (DLD Legal)
If the purchaser defaults, the developers have the right to terminate it without following formal procedures of the court. For the sake of termination, the online system of DLD would be enough for taking the termination action.
In order to complete this process, it would take about 3 to 4 months for terminating a purchase with a fee of around AED 3,000. Note that the investors can file a claim against the wrongful termination of the purchase.
Judicial Committee for Liquidation of stalled projects (JCL)
JCL has the authority to cancel the stalled property projects in the UAE. the projects which are ceased and couldn’t commence as they were set out in the resolution of Executive council can be cancelled by RERA.
Judicial Committee
The reason behind the formation of this Committee is to deal with the bounced cheques. It reschedules the payments and gives the instructions for issuing the new cheques. It refers to the bounced cheques to the relevant authorities for receiving the amount for those cheques.
There are other different ways of setting property disputes as well. arbitration lawyers in Dubai, referring to the Dubai courts and so many more. if you get into any sort of property dispute, you can get their help and make your condition better. Click here for more details.
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