Real estate owners in Dubai must register their property

The online registration of residential properties in Dubai, both rented and privately owned is soon to become mandatory as officials crackdown on those who evade housing fees. Dubai Municipality (DM) plans to compile details of all housing facilities within the next six months including those owned by foreigners and expats.
 
All housing units, including those in Dubai’s gated communities and freehold properties, will be issued with a notice to register their details and if they don’t register within a month they we will be charged anyway based on an estimate.
 
Meanwhile the Dubai Land Department has started to deregister properties, which strips buyers of their title, of those who are behind with payments for off-plan real estate project that are 80% or more complete.
 
New rules allow developers to repossess the properties and retain 40% of their value. But not all investors are willing to pay up, according to officials. Mohammed Sultan Thani, the assistant director general of the Dubai Land Department, said one developer, which he declined to name, had issued about 225 notices, out of which 200 investors were willing to have their contracts cancelled.
 
Seized properties will be auctioned by the Land Department, with the funds going to the developer unless the sales generate a surplus, which will be passed on to the original buyers. Thani said that no properties had yet been put up for auction.

source:www.propertywire.com