Staff Report
Dubai, UAE
Dubai Land Department (DLD) finalized 647 amicable real estate settlements valued at over Dh1.38 billion during the first half of 2024. Through the Oqoodi Platform, 100 percent of the settlement agreements were approved, facilitating and expediting real estate settlements. This has enhanced the effectiveness of managing disputes and provided a secure, efficient way to confirm and legally document each party’s agreement to the terms.
DLD is committed to peacefully resolving property disputes, benefiting investors and developers alike. With a team of skilled legal specialists, DLD ensures fair settlements through expert consultations and thorough dispute analysis. This method provides swift, effective solutions without court involvement, preserving relationships and reducing time, effort, and costs. By legally documenting agreements, DLD enhances confidence among developers and investors, fostering ongoing cooperation and compliance.
Abdullah Al Zarooni, Legal Support Section Manager at Dubai Land Department, said, “This approach is an effective mean 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 assist investors and developers in reaching mutually satisfactory agreements while safeguarding their rights. By leveraging effective resolution methods, DLD minimizes the need for judicial proceedings, ensuring reliable outcomes and streamlining property dispute resolution.
Ends
Also Read: Dubai Land Department records highest transaction to Dh55.51 billion in Q1
 finalized 647 amicable real estate settlements valued at over Dh1.38 billion during the first half of 2024.){kind=link}