joint ownership

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Owners associations which will set service charges and manage the common areas of jointly-owned properties, are set to become a standard feature of Dubai's real estate sector with developers such as Emaar Properties leading the way in implementing the law, the Real Estate Regulatory Agency (RERA) revealed today.
Sultan bin Butti bin Mejren, Director General of the Land Department, said: "The major developers have a key role to play in making this new type of ownership and management the standard model for jointly-owned properties.