Dubai, United Arab Emirates, 28 July 2024: The Dubai Land Department (DLD) has successfully concluded 647 amicable real estate settlements, amounting to more than AED 1.38 billion in the first half of 2024. Utilizing the Oqoodi Platform service, DLD achieved a 100% approval rate for settlement agreements, significantly streamlining the settlement process and enhancing investor satisfaction.
The DLD’s commitment to amicable resolutions underscores its critical role in fostering real estate conciliation, providing a valuable service to both investors and developers. The department’s efficient handling of disputes through specialized consultations and thorough analysis ensures the protection of all parties’ rights without resorting to court proceedings. This not only preserves positive relationships but also saves time, effort, and expenses associated with legal actions. Furthermore, the legal documentation of agreements ensures full compliance, bolstering confidence among developers and investors and promoting ongoing collaboration.
Abdullah Al Zarooni, Legal Support Section Manager at Dubai Land Department, emphasized the significance of these amicable settlements. “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.”
The DLD’s conflict resolution service aims to help investors and developers reach agreements that satisfy all parties involved, guaranteeing their rights and minimizing the need for judicial proceedings. By providing reliable resolutions, the DLD ensures that property disputes are managed effectively, maintaining the momentum of real estate projects and supporting the broader construction industry.
