Sunday, June 2, 2013

FAM in the news!


Dubai property owners need title deed to open Dewa accounts

Estate agents advising landlords to apply for title deeds

A property title deed has now become mandatory for a property owner to open his account with Dubai Electricity and Water Authority (Dewa) account.

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.

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.

“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.

Annetta Shaw, Head of Residential Sales & Leasing, Head Office, Better Homes, confirmed to this website: “Yes, a title deed is required. It is mandatory.”

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.

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.