On Monday, the Dubai Land Department (DLD) restricted 10 property owners from contracting their properties due to overcrowding and protection standards. The regulator announced that this decision was made after the regulator’s partners carried out inspections.
“DLD, in partnership with its strategic partners, conducted thorough inspection campaigns that resulted in banning ten property owners from leasing and subleasing their properties until they resolve their issues and fully meet overcrowding, health, and safety standards,” it said.
Notification to Violators
According to the regulator, the owners of the breaching properties have been informed of the decision to prohibit leasing and subleasing until their situation is rectified and they adhere to the rules.
“These firm measures were taken due to repeated violations and warnings to comply with DLD regulations, which are crucial for maintaining stability in Dubai’s real estate market,” it said.
Strict Enforcement of Regulations
DLD has adopted a firm position against offenders, whether brokers, agents, or property owners, to protect the inhabitants’ safety and hygienic conditions. Authorities punished 286 brokers and real estate companies in 2024 for breaking the rules.
Post-Pandemic Real Estate Boom
After the epidemic, there was an exponential increase in calls for real estate, attracting many new owners hoping to make the most of the high rental sales and better ROI.
Also Read: Dubai Real Estate: ENBD REIT sells Remraam Towers to reduce LTV to 49.4%
Population Growth and Property Supply
Since 2021, Dubai’s population has increased significantly due to the robust economic recovery that has generated numerous jobs, particularly in the private sector. From 3.411 million at the beginning of 2021 to 3.762 million in August 2024, the population has grown by 10.3%.
In the first 1/2 of 2024, Dubai added 3,925 villas and 12,900 residences. By the end of 2024, an additional 20,000 flats and 5,000 villas need to be brought, according to Asteco.
Call for Compliance
DLD advised tenants and property owners to abide by laws and regulations on Monday to prevent infractions.
