FAM in the news!

<div dir="ltr" style="text-align: left;" trbidi="on"> <br /> <h1 class="title" itemprop="name" style="background-color: white; border: 0px; color: #222222; direction: inherit; font-family: Arial, sans-serif; font-size: 2.3em; line-height: 1.2; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"> Dubai property owners need title deed to open Dewa accounts</h1> <h3 class="lead" itemprop="headline" style="background-color: white; border: 0px; color: #222222; direction: inherit; font-family: Arial, sans-serif; font-size: 1.4em; font-weight: normal; line-height: 1.15; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"> Estate agents advising landlords to apply for title deeds</h3> <div class="metadata" style="background-color: white; border: 0px; color: #909090; direction: inherit; font-family: Arial, sans-serif; font-size: 12px; line-height: 13px; margin: 0.5em 0px; outline: 0px; padding: 0px; vertical-align: baseline;"> <div class="source" style="border: 0px; color: inherit; direction: inherit; font-family: inherit; font-style: inherit; margin: 0px 0px 4px; outline: 0px; padding: 0px; vertical-align: baseline;"> <span class="label" style="border: 0px; color: inherit; direction: inherit; font-family: inherit; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">By</span><br /> <ul style="border: 0px; color: inherit; direction: inherit; display: inline; font-family: inherit; font-style: inherit; list-style: none; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Parag Deulgaonkar via emirates247.com</ul> </div> <div class="publish-date" style="border: 0px; color: inherit; direction: inherit; font-family: inherit; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"> <span class="label" style="border: 0px; color: inherit; direction: inherit; font-family: inherit; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Published</span> <span class="date" itemprop="datePublished" style="border: 0px; color: inherit; direction: inherit; font-family: inherit; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Monday, August 06, 2012</span></div> </div> <div class="content" style="background-color: white; border: 0px; clear: both; color: #222222; direction: inherit; float: none; font-family: Arial, sans-serif; font-size: 12px; line-height: 13px; margin: 0px; outline: 0px; padding: 0px 0px 1em; vertical-align: baseline;"> <div class="media" style="border: 0px; color: inherit; direction: inherit; font-family: inherit; font-style: inherit; margin: 1em 0px; outline: 0px; padding: 0px; vertical-align: baseline;"> <div class="non-gallery" style="border: 0px; color: inherit; direction: inherit; font-family: inherit; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"> <div class="separator" style="clear: both; text-align: center;"> </div> <div class="caption" style="background-color: #f0f0f0; border: 0px; color: #333333; direction: inherit; font-family: inherit; font-size: 11px; font-style: inherit; outline: 0px; padding: 4px 5px; vertical-align: baseline;"> <div class="separator" style="clear: both; text-align: center;"> <a href="http://1.bp.blogspot.com/-Jbty4cuWDJU/UZNbWhNetII/AAAAAAAAFjs/XwMXUBKIy8A/s1600/Dubai_property_owners_need.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="258" src="http://1.bp.blogspot.com/-Jbty4cuWDJU/UZNbWhNetII/AAAAAAAAFjs/XwMXUBKIy8A/s400/Dubai_property_owners_need.jpg" width="400" /></a></div> </div> </div> </div> <div class="body html-output" itemprop="articleBody" style="border: 0px; color: inherit; direction: inherit; font-family: inherit; font-size: 1.166em; font-style: inherit; line-height: 1.35; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"> <div style="border: 0px; color: inherit; direction: inherit; font-family: inherit; font-style: inherit; margin-bottom: 1em; margin-top: 1em; outline: 0px; padding: 0px; vertical-align: baseline;"> A property title deed has now become mandatory for a property owner to open his account with Dubai Electricity and Water Authority (Dewa) account.<br /> <br /> A number of real estate brokers in Dubai have started sending notices to their clients advising them to apply for a title deed from Dubai Land Department.<br /> <br /> FAM Properties, a Dubai-based brokerage firm, has sent out notices to their clients, saying, “It is now mandatory for all landlords to have the title deed of their properties issued from the Dubai Land Department in order for Dewa to register any new accounts under a tenant’s name.<br /> <br /> “Dewa will therefore reject registering any account for any property that does not have a copy of its title deed. As a result, we advise all landlords who have yet to apply for their title deeds to proceed at the earliest,” it added.<br /> <br /> Annetta Shaw, Head of Residential Sales & Leasing, Head Office, Better Homes, confirmed to this website: “Yes, a title deed is required. It is mandatory.”<br /> <br /> However, a Dewa call centre executive said they were opening accounts if the prospective tenant could provide a sales and purchase agreement instead of a title deed.<br /> <br /> A title deed or affection plan is also necessary for any landlord to generate an Ejari, Rera-registered contract. Unless a registered contract is provided, the Department of Naturalisation and Residency Dubai will not accept renewal applications for residence visas.</div> </div> </div> </div>

Dubai property owners need title deed to open Dewa accounts Estate agents advising landlords to apply for title deeds By Parag Deul...

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