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Understanding Real Estate Law in India: A Comprehensive Guide The real estate sector in India is a significant component of the country's economy, and understanding the legal framework governing it is crucial for developers, investors, homebuyers, and legal professionals. This article provides a detailed overview of real estate law in…
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New UAE’s Finance Leasing Law The United Arab Emirates is set to enact a new law, replacing the existing finance lease law (Federal Law No. 8 of 2018). Despite its publication in the Official Gazette, the new law is scheduled to take effect six months after its publication, specifically on…
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Six New Laws to Regulate the Real Estate Sector in UAE In 2023, Dubai's dynamic property landscape is poised for significant transformations, solidifying its status as a top choice for both investors and homeowners. The Dubai Land Department (DLD) governs real estate laws and regulations, striving to safeguard the interests…
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Economic and Fraud Provisions in the Middle East “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open…
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Amendments in Jointly Owned Property Law Investments are supposed to be financial decisions. However, in real life, people often make investment decisions emotionally. This is truer of real estate investments. Individuals get emotionally attached to their homes or the idea of owning a home. Hence, they make decisions based on…
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Leasing Law DIFC “But land is land, and it’s safer than the stocks and bonds of Wall Street swindlers.” …
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Termination of Sale Purchase Agreement in the UAE Introduction A Sale and Purchase Agreement (SPA) is a widely used contract/agreement in business transactions. It is predominantly used in the land department. It is beneficial, and a vital necessity that people looking to settle or finalize a deal of either property…
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Real Estate Developments in Abu Dhabi and Dubai The United Arab Emirates is continuously witnessing positive developments in the real estate market. The market is adapting to the changing terms of the scenario around the choices of the investors willing to invest in the real estate market. Abu Dhabi and…
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How ADGM Registered Businesses can Own Real Estate in Dubai Abu Dhabi Global Market (ADGM), an established free-zone and international financial centre in Abu Dhabi was legally established pursuant to Federal Decree Number 15 of 2013 and Abu Dhabi Law Number 4 of 2013 (the ADGM Founding Law). ADGM attracts…
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Non-payment of Service charges in Dubai and Abu Dhabi The Real Estate Regulatory Agency ("RERA") issued a notice in April 2020, stating that the homeowners in Dubai who defaulted on 2019 service charge payments will have their fines waived. But did this mean that the waiver would extend to 2020…
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How to Get Away with (a) Building? A short essay on joint development agreements, musataha structures and constructions on third-party property. Queen Elizabeth II is frequently regarded as the owner of one of the world’s largest real estate portfolio with properties in the United Kingdom, Ireland, Falkland Islands and Canada…
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Investors’ Due Diligence Before Purchasing Real Estate in Dubai Numerous authors, legal professionals, bankers and jurists have written papers on the increased foreclosure rates preceding 2008 in the United States' real estate market. This predicament led to a domino effect of issues on mortgages, (the infamous) collateral debt obligations and other…
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Musataha Agreements in the UAE Introduction The Rights of Musataha is a vital tool for real estate development in the United Arab Emirates (UAE). It enables the investors to establish stable and safe investment projects whilst achieving the adequate balance between the rights of the proprietor and those of the…
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Owners Association in Dubai “Home ownership is the cornerstone of a strong community.” – Rick Renzi On the bright sunny morning on 9 November 1987, the United States District Court (E.D. Virginia - Alexandria Division) ruled on a very important question in the real estate sector at that stage –…
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