DLD Completes 647 Real Estate Settlements

The settlements, worth AED 1.38 billion, were done via the Oqoodi Platform

Dubai Land Department (DLD) has successfully completed 647 amicable real estate settlements worth more than AED 1.38 billion in the first half of 2024. Through the Oqoodi Platform service, 100% of the settlement agreements were approved, facilitating and expediting real estate settlements. This achievement has enhanced the effectiveness of managing disputes and provided a safe and reliable method for confirming and legally documenting each party’s agreement to the terms.

The DLD is dedicated to finding amicable settlements to resolve property disputes peacefully, serving as a valuable resource for investors and developers. It boasts of capable and qualified legal specialists to manage settlements between parties, ensuring their rights through specialized consultations and careful analysis of disputes. This approach contributes to quick and effective solutions without resorting to the courts, therefore maintaining good relations and saving time, effort, and expenses associated with judicial proceedings. Additionally, the department legally documents agreements to ensure full compliance, thereby enhancing the confidence of developers and investors and promoting continued cooperation between them.

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.

Abdullah Al Zarooni, Legal Support Section Manager, Dubai Land Department

Abdullah Al Zarooni, Legal Support Section Manager at Dubai Land Department, noted that amicable settlements underscore the vital role played by DLD in encouraging reconciliation through the Oqoodi Platform. “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 provides conflict resolution service to customers, aiming to help investors and developers reach an agreement that satisfies all parties of the contractual relationship and guarantees their rights. It has harnessed all possibilities to resolve property disputes through reliable resolutions, thereby minimizing the need for judicial proceedings.