Property owners overcharged by Dubai developers

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Even after the Dubai government clarified rules for property sales in their 2008 Strata Law, experts say that many homeowners are still being charged illegal fees by developers.  The Strata Law supposedly said developers must gain approval for any service or administrative fees from the Real Estate Regulatory Authority and keep open books until residents can form homeowners associations.  Unfortunately, many developers are blatantly ignoring these regulations.

One of the biggest scams is charging a fee for registering the property and receiving no-objection letters, which are necessary for transferring the property later.  Technically, only the Dubai Land Department can collect registration fees, but many developers charge homeowners up to Dh5,000 for the paperwork.  Analysts complain that these extra fees add to the high-cost of property ownership in Dubai, and may scare potential investors from the scene.

 

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Reading Time: 1 minute

Even after the Dubai government clarified rules for property sales in their 2008 Strata Law, experts say that many homeowners are still being charged illegal fees by developers.  The Strata Law supposedly said developers must gain approval for any service or administrative fees from the Real Estate Regulatory Authority and keep open books until residents can form homeowners associations.  Unfortunately, many developers are blatantly ignoring these regulations.

Reading Time: 1 minute

Even after the Dubai government clarified rules for property sales in their 2008 Strata Law, experts say that many homeowners are still being charged illegal fees by developers.  The Strata Law supposedly said developers must gain approval for any service or administrative fees from the Real Estate Regulatory Authority and keep open books until residents can form homeowners associations.  Unfortunately, many developers are blatantly ignoring these regulations.

One of the biggest scams is charging a fee for registering the property and receiving no-objection letters, which are necessary for transferring the property later.  Technically, only the Dubai Land Department can collect registration fees, but many developers charge homeowners up to Dh5,000 for the paperwork.  Analysts complain that these extra fees add to the high-cost of property ownership in Dubai, and may scare potential investors from the scene.

 

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