Questions & Answers
Obliging the property owner to be under the property management of the developer
Dear sir/madam,
The price of a property is 50% paid and it is under a post-payment plan. The developer is obliging the property owner to be under the property management of the developer.
Is this lawful in Dubai Land Department?
Does the owner/buyer have no right to choose another property management company to rent it out?
Dear questioner,
The property remains in the possession of the real estate developer until all financial obligations are fulfilled after which the owner can appoint the developer he wants.
Good morning,
Usually, the same developer manages the property because they have to maintain their style for the property in all manners to develop their further business.
It is necessary to pursue the agreement with them to find some loop to satisfy your requirement
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