Ownership of Jointly Owned Properties Law

The Law No. 06\2019 of UAE has brought significant changes in the joint ownership status of properties. This law aims to regulate the relationship between co-owners of a property and establish clear guidelines for their rights and obligations. Under this law, each co-owner has the right to use and enjoy the common areas of the property in proportion to their share of ownership. Moreover, each co-owner has the right to participate in the decision-making process related to the management of the property.

The law also provides for the establishment of a joint owners association (JOA) to manage the common areas of the property. The JOA is responsible for maintaining and repairing the common areas, collecting fees from co-owners, and ensuring compliance with the rules and regulations governing the property. The JOA is also responsible for resolving disputes between co-owners related to the use and management of the property. Overall, the Law No. 06\2019 of UAE provides a comprehensive framework for joint ownership status that ensures fair treatment of all co-owners and promotes efficient management of jointly owned properties.