Dubai real estate: DLD settles over AED1.38bn in property disputes in first half of 2024

Dubai Real Estate: DLD settles over AED1.38bn in property disputes in first half of 2024

The settlements were processed through the Oqoodi Platform service, the Dubai Media Office revealed on Sunday.

The Dubai Land Department (DLD) has successfully resolved 647 real estate disputes valued at over AED1.38 billion in the first half of 2024, as announced by the Dubai Media Office (DMO) on Sunday. These settlements were facilitated through the Oqoodi Platform service, which validated all agreements.

The DLD’s initiative is designed to handle property disputes outside of the court system, employing legal experts to mediate negotiations between involved parties. This strategy aims to maintain business relationships and minimize the costs associated with legal proceedings.

“This approach is an effective means of resolving disputes swiftly and efficiently, leading to investor satisfaction and happiness. These settlements allow parties to continue their investments, ensuring real estate projects proceed without delays and providing robust support to industries connected to construction,” stated Abdullah Al Zarooni, Legal Support Section Manager at DLD.

The DLD's conflict resolution service is committed to achieving mutually satisfactory outcomes for investors and developers. By meticulously documenting these settlements, the DLD strives to ensure compliance and bolster confidence in Dubai’s real estate market.

Goal

Boost confidence in Dubai’s real estate sector.

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