The real estate business in the United Arab Emirates (UAE) is one of the essentially developing business, yet face several hardships during its progress such as delay in handover of the property. However, government of UAE has issued multiple laws and regulations governing issues pertaining to real estate sector, however, the Property lawyers of Dubai will discuss only the platform were you can resolve your property disputes in UAE.

Dubai Land Department (DLD) has acquainted different methods of alternative dispute resolution for resolving property disputes as discussed in the following paragraphs.

Legal Affairs Department of DLD

Dubai Law No 19 of the year 2017 governing real estate projects within the Emirate of Dubai allows property developers to cancel the SPA (Sale and Purchase Agreement) of defaulting buyers, without having to obtain an order from the court. The procedure is undertaken through assistance of DLD online portal. The procedure for terminating such agreements will take around 3-4 months and a fees of around AED 3,000 (UAE Dirhams three thousand). DLD Legal department may likewise intervene a settlement between the developer and the defaulting buyer. Financial specialists reserve the privilege to hold up claims under the watchful eye of court if any developer terminates a buyer’s project illegitimately or in dishonesty.

Amicable Dispute Centre of DLD

Amicable Settlement Centre of DLD seems to be one of the proficient choices in light of the fact that the mediators or counsellors in Settlement Centers are usually well versed with such situations and have complete access to DLD databases, which help them to discover realities and data about the properties, activities, developers and other data all the more productively. Settlement Centers doesn’t charge expenses to the parties and doesn’t force a judgment on the gatherings yet tries to intercede and to encourage a friendly settlement. On the off chance that effectively settled, after consenting to a settlement arrangement, it gets official and enforceable against the signing parties.

Resolution Trust Co-operation Center

The Resolution Trust Corporate Facility center is set up for quick track recovery of slowed down real estate projects in the country. Numerous public and private parties are moving towards Resolution Trust Corporation to explain their issues and to resolve them through the experienced mediators appointed by the facility.

Their fundamental obligation is to assume control over the failing organization at a moderately low cost and selling the basic resources so developers can begin their venture without confronting any liabilities. This Resolution Trust Corporation (RTC) model gives system were open and private segment could mutually take an interest in cooperation for development of real estate sector.

Arbitration

Arbitration as an elective dispute resolution mechanism which parties can adopt to if it is agreed between the parties through a written contract and signed by the parties authorized to enter into arbitration agreements on behalf of the company or the organization. Nonetheless, some property cases can’t be refereed for arbitrations due to multifold reasons as mentioned in the Arbitration Law of UAE in this way parties should be cautious before alluding any property case to arbitration and must seek assistance of their Arbitration Lawyers prior to taking any action in such regards.