Dubai Land Department (DLD) has achieved a significant milestone by completing 647 amicable real estate settlements worth over AED 1.38 billion in the first half of 2024.
Utilizing the Oqoodi Platform service, DLD achieved 100% approval for settlement agreements, streamlining and accelerating the process of real estate settlements. This accomplishment has enhanced dispute management efficiency, providing a safe and reliable method for confirming and legally documenting each party's agreement to the terms.
DLD is committed to resolving property disputes peacefully and serves as a valuable resource for investors and developers. The department's qualified legal specialists manage settlements between parties, ensuring their rights through specialized consultations and thorough analysis of disputes. This approach facilitates quick and effective solutions without resorting to court proceedings, thereby maintaining good relations and saving time, effort, and expenses associated with judicial processes. Furthermore, DLD legally documents agreements to ensure full compliance, enhancing the confidence of developers and investors and promoting continued cooperation.
Abdullah Al Zarooni, Legal Support Section Manager at DLD, emphasized the vital role played by the department in encouraging reconciliation through the Oqoodi Platform.
This approach is an effective means of resolving disputes swiftly and efficiently, achieving investor satisfaction and happiness. These settlements enable parties to proceed with their investments, ensuring that real estate projects continue without delays and effectively support multiple industries linked to construction.
DLD offers a conflict resolution service to help investors and developers reach agreements that satisfy all parties of the contractual relationship and guarantee their rights. The department has harnessed all possibilities to resolve property disputes through reliable resolutions, thereby minimizing the need for judicial proceedings.
By providing these services, DLD aims to ensure that real estate projects progress smoothly and that the interests of all stakeholders are protected. The department’s proactive approach to dispute resolution supports the overall growth and stability of Dubai’s real estate market, fostering a more cooperative and efficient environment for all involved.
News Source: Dubai Media Office
