ABU DHABI // The capital has taken its first step to simplifying and standardising the process for finding and leasing property in the emirate.
A new searchable database of all available properties in Abu Dhabi and Al Ain is expected to come online within the next six months. Called "Tawtheeq," the electronic register will keep track of all rental contracts, which will be standardised, and will allow tenants and property owners to conduct all rental transactions online.
The first phase of the project, officially launched today by the municipality, will require all property management companies and property owners to register to use the system, at a cost of Dh1,000 per property and Dh5 per unit. Registering, renewing or modifying a rental contract using Tawtheeq will also cost between Dh50 and Dh100.
The registration system will also be linked to other government agencies, including water, electricity and sewer services.
"Our main objective is not to levy any fines or interfere in the day-to-day operations of property owneres, but if they don't register, all the tenancy contracts would not be accepted by other government departments," said Ali al Hashimi, the project manager for Tawtheeq in Abu Dhabi.