DIFC announces proposed amendments to Real Property Law for consultation

By Samantha Allen

Published: March 2, 2022 | 4:58 PM GMT

DIFC announces proposed amendments to Real Property Law for consultation

DUBAI, 2nd March, 2022 – Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has issued a consultation paper proposing to amend the Real Property Law, DIFC Law No.

10 of 2018.

The Proposed amendments will facilitate the administration and enforcement of the DIFC Real Property Law and enhance the regulatory framework within DIFC, in line with current common law practice.

The Proposed amendments are in Part 9 of the Real Property Law, relating to default remedies for Mortgagees.

The key aspects of the changes to the Real Property Law include the removal of the Mortgagee’s right of foreclosure in its entirety; clarifying the Mortgagee’s rights and obligations with regards to the exercise of its statutory power of sale in the event of a default by a Mortgagor; and the removal of the reference to the wording, “under the principles of English common law and equity” in Article 29 (b) of the Real Property Law.

The consultation paper and legislative proposal can be accessed by visiting the Consultation Papers page on the DIFC website.

The deadline for providing comments is 29th March 2022.

The Proposed amendments reflect the Centre’s commitment to maintaining a transparent and robust legal and regulatory framework aligned with global best practice.

About Samantha Allen

Samantha Allen is a seasoned journalist and senior correspondent at TDPel Media, specializing in the intersection of maternal health, clinical wellness, and public policy. With a background in investigative reporting and a passion for data-driven storytelling, Samantha has become a trusted voice for expectant mothers and healthcare advocates worldwide. Her work focuses on translating complex medical research into actionable insights, covering everything from prenatal fitness and neonatal care to the socioeconomic impacts of healthcare legislation. At TDPel Media, Samantha leads the agency's health analytics desk, ensuring that every report is grounded in accuracy, empathy, and scientific integrity. When she isn't in the newsroom, she is an advocate for community-led wellness initiatives and an avid explorer of California’s coastal trails.