Currently the developers register the property to the buyers. When will the Dubai Municipality register the property?
There is no registration of title being carried out by developers in Dubai yet with the Land Registry. Instead, the property is registered to the purchaser. Once the new land legislation becomes law, then it is expected that the land department will be empowered to register land titles in favour of foreigners for a registration fee of 2% of the purchase price, or valuation, whichever is the higher usually paid 0.5% by the vendor and 1.5% by the buyer. The Land Registry has now been established, and staff have been allocated to developments in order to cope with the title demands when developments complete.
