The Dubai Land Department has revised legislation that was to force residents to pay for a car parking space with newly acquired property following protests from investors.
The legislation, issued recently via a circular to developers, stated that investors must have a paid-for car parking space in order to register their property with the Land Department. Failure to register would have prevented them from renting or selling their property.
Recently real estate industry sources confirmed that the proposal has been reversed by the Land Department.
The Land Department issued a decree saying it would only register apartments with parking spaces. Subsequently, around March 20th, another decree followed, saying that parking space is not required.
The U-turn came in the wake of uproar from disgruntled investors, who complained that they were being forced by developers to pay a substantial fee for a car parking space, when before they were told it was optional.
It is not yet known whether investors who were forced to pay for a car parking space they did not want during this time are entitled to a refund.
