Strata Law - DIFC
Dubai International Financial Centre, commonly known as DIFC, is the region’s leading financial hub, located centrally in the 110-acre DIFC district and is one of the most prominent locations for businesses. The DIFC is an independent area with civil and commercial laws under the Dubai government. The DIFC Also introduced Real Property Law 2018, which repeals and replaces the Real Property 2007 Law (the DIFC Law No. 4 of 2007) to establish a system of registration for Real Property within the district of the DIFC.
Incidental to the introduction of DIFC Law No. 4 of 2007(superseded by Real Property Law 2018), the DIFC introduced Strata Title Law DIFC Law No. 5 of 2007″. One of the objectives of this Law is to facilitate the day-to-day administrative affairs of the Operation of Strata Developments and the licensing and regulation of Body Corporate Managers.
Therefore all the freehold developments in DIFC and related HOA (Known as Body corporate) functions are regulated by DIFA through the Laws mentioned above and regulations.
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