In DIFC, amendments to the Real Estate Law No. 10 of 2018 and the Real Estate Rules come into force

The Real Estate Rules introduce a mortgage registration fee of 0,25% of the amount of the mortgage obligation to be paid by the mortgagor.

The main changes in the Real Estate Law are:

- extension of the registration period for a rental agreement from 20 to 30 days;
- extension of the registration period for sale and purchase transactions for the off-plan objects from 30 to 60 days;
- clarification of the methods of sending notices, including the use of email and fax with the delivery confirmation. 

The amendments were adopted on November, 14 and came into force on November 21, 2024. 

The consolidated version of the DIFC Real Estate Law No. 10 of 2018 (as amended on 14.11.2024), as well as the updated DIFC Real Estate Rules are available on the Real Law service.

UAE, DIFC - 25 November 2024
Original Article: RealLaw