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Home / Dubai Land Dept stresses on 20% equity payment by developers before sales and marketing

Dubai Land Dept stresses on 20% equity payment by developers before sales and marketing


Dubai Land Department (DLD) has confirmed the original 20 percent equity investment by property developers before they could kick-start sales and marketing activities of a project.

In a statement, the DLD said, it is monitoring the sales or marketing activities of Dubai’s real estate projects is subject to specific laws under the control of the Real Estate Regulatory Agency at DLD.

“All developers must commit to the completion of 20 per cent of the project or deposit the specified percentage in the Real Estate Escrow Account, which amounts to 20 percent of the total value of the projects they intend to launch in the near future,” Sultan Butti bin Mejren, Director General of DLD, said in a statement.

“These procedures are designed to guarantee the rights of investors. DLD regulates the sale, purchase and marketing process to ensure the rights of all parties involved and spread the rules and regulations of the Dubai real estate market among investors in Dubai,” he said.

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