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Dubai South inks MoU with Land Department

Dubai Land Department will accept the registration of freehold apartments, plots and properties purchased by investors in Dubai South under the agreement

DLD and Dubai South have inked an MoU.
DLD and Dubai South have inked an MoU.

Dubai South has inked a memorandum of understanding (MoU) with the Dubai Land Department (DLD) to offer easy registration of freehold plots and properties by investors.

DLD will accept the registration of freehold apartments, plots and properties purchased by investors in Dubai South under the agreement.

The agency will also be responsible for the collection of full amount of the freehold plots registration, transfer, and cancellation fees from these investors.

The deal was signed by Sultan Butti Bin Mejren, director general of DLD, and Khalifa Al Zaffin, executive chairman of Dubai Aviation City Corporation and Dubai South.

Under the MoU, Dubai South and DLD will also seek to develop their relations and strengthen shared interests to ensure enhanced co-operation and co-ordination.

Remarking on the agreement, DLD's Bin Mejren said: "We are delighted to co-operate with Dubai South and provide all possible means of support to promote its projects and ensure their completion in a timely manner.

"We believe that Dubai South’s operations and development sites will be of utmost importance to our preparations for Expo 2020," he added, according to WAM.

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Construction Week - Issue 753
Nov 09, 2019