Dubai Property Will for Non-Muslims: A memorandum of understanding (MoU) has been signed between Dubai Land Departmetn (DLD) and DIFC Will and Probate Registry (WPR).
The MoU is a significant step ahead in the progress of the WPR and it outlines a system that will work parallel with DLD. Those people who have registered their Dubai property will with WPR will be able to benefit from this MoU largely.
Between WPR and DLD, a clear flow of information will take place after this MoU.
The basic guidelines of the MoU not only complement the process being already used for legal and administrative purpose but also how the information will be exchanged between two departments as the information exchange includes title deeds and asset details.
The specific roles and responsibilities of the involved parties have also been outlined in the MoU.
A great step forward in the MoU is where a proposal for a joint committee between DLD and WPR will be created for Dubai property will. Such joint committee will help both departments to engage regularly and discuss how they can further refine the working relationship.
Michael Hwang, Head of the DRA and Chief Justice of DIFC Courts, said: “The signing of the Memorandum of Understanding with Dubai Land Department is an important milestone for the DIFC Wills and Probate Registry.
“It gives clear guidelines for the process that will occur when it comes to distributing land or property assets in Dubai for registered wills in the DIFC and will encourage the facilitation of probate court orders, in line with current enforcement procedures via the Dubai Courts, at an important time for Dubai’s real estate market.
“One of the key aims of the WPR is to provide legal certainty and a comprehensible inheritance solution for non-Muslims with assets in Dubai, and by instigating clear processes in partnership with key government bodies we will ensure we achieve this.”
Sultan Butti bin Mejren, the Director General of Dubai Land Department while commenting on Dubai property will for non-Muslims, said: “Dubai continues to emerge as a global commercial and financial hub.
“To ensure this momentum remains, people need to be confident that their Dubai-based assets can be transferred according to their wishes upon their death.
“The DIFC Wills and Probate Registry is providing an important service and we are pleased to be working in conjunction with them for the continued success of Dubai.”
Dubai property will is the first of its kind service in the region. The aim of DIFC Wills and Probate Registry is to ensure that the individuals who own assets in Dubai can transfer them as per their wish upon their death.
In the spirit of current UAE laws, according to which non-Muslims have the right to choose how they want their assets to be distributed upon death, the new rules governing the Registry will serve the same purpose.