Dubai Reduces Real Estate Legal Disputes by “Tanweer”

After launching two initiatives in the last two years to revive stalled projects in the emirate, the Dubai Land Department (DLD) is all set to unveil its new initiative – Tanweer – that aims to minimize legal disputes and protect investors’ rights.

Majida Ali Rashid, Chairwoman of the Center for Promotion and Management of Real Estate Investment, DLD, said “Tanweer is designed to enhance investors’ confidence in the real estate market and act as a reference guide aimed at setting the frameworks and general principles of the rights and duties of real estate investors in order to ensure transparency and promote confidence in the market.”

The prime objectives of the programmed include contributing to the organization of the real estate sector; encouraging and attracting local and international investors; enhancing the confidence of investors in real estate sector; ensuring transparency at all transaction stages -sale or purchase-; providing an umbrella for the protection of investor rights; minimizing legal disputes and contributing to improving the real estate sector and its reflection on the rest of the national economy’s sectors, as Emirates 24/7 stated.