Tuesday, April 29, 2008

Property bylaws implemented in Abu Dhabi

The implementation of bylaws of Law No.3 of 2005 issued by the President, H.H. Sheikh Khalifa Bin Zayed Al Nahyan, for regulating property registration, has already commenced in Abu Dhabi.

The Chairman of the department, Dr. Jua'an Salem Al Daheri, said the property law and its bylaws are being issued to keep pace with the comprehensive development in Abu Dhabi. The bylaws are being issued taking into account public interest after consultation with associated parties.

The bylaws are aimed to regulate affairs pertaining to property registrations in the emirate. This includes the terms and conditions of real estate activities, the parties involved, along with their jurisdictions and responsibilities.

Other factors stipulated in the bylaws include specialties of property registration department, attestation of signatories, search memos and transaction certificates, and terms and conditions of selling and buying properties.

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