Mizin's Remraam project listed with Dubai Land Department

Mizin, the real estate development arm and a member of Tatweer, yesterday said its 23.5 million sq ft Remraam community, has been listed with the Dubai Land Department in accordance with Law No 13 of 2008 that regulates the interim real estate register in Dubai.

The listing will enable Remraam owners to obtain a pre-title deed to their property directly from the government when the project is completed. For non-resident owners, such a benefit will be especially significant allowing them to hold a government certified ownership document in addition to the existing sales and purchase agreement with Mizin.

The listing, which includes the entire inventory of Remraam units, appears on the online registration system called Oqood.

Mizin is currently liaising with Dubai's Real Estate Regulatory Agency (Rera) on the registration of the sale transactions of Remraam properties.

Ahmad Sharaf, Chief Executive Officer, Tatweer Investments, said: "Mizin is committed to creating a trusted and regulatory environment in Dubai's real estate industry. We intend to facilitate global best practices within the industry by ensuring strict compliance with the latest regulations and maintaining a high level of transparency in our sales processes. We believe these regulations are critical for the long-term sustainability of the market."

Ahmad Khalifa Al Qaizi, Chief Executive Officer, Emirates Real Estate Solutions, said: "Mizin has been extremely proactive in its approach to delivering on Rera's requirements. With the registration of the project, Mizin is amongst the developers to have completed the mandatory registration of all its residential units.

"We are delighted with the progress of Remraam and will continue to work closely with Mizin on all Rera requirements for master developers."

Work on the Remraam community continues with 90 per cent of the sewerage, water and drainage systems already completed.

A total of 65 per cent of the overall infrastructure has been completed, while excavation work for foundations of 82 per cent of the buildings has also been finished. In addition, 45 per cent of all buildings have had foundations poured and selected buildings have reached the fourth floor.