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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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Defective Handed Over Real Estate Units As Winston Churchill once said: “Land monopoly is the mother of all monopoly”. Decades later, this statement has still proven to be accurate as real estate is a booming industry all over the world. Real estate in the United Arab Emirates (UAE) in…
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Does the UAE real estate market need new financing rules? The United Arab Emirates (UAE) property market has experienced quite a few major developments within the past decade, with a host of new laws, initiatives, and real estate projects being announced. Moving into 2019, the UAE real estate market has…
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The decision of the Land Department to cancel the registration In the judiciary of cassation in Dubai and Law 19 of 2017 Due to the importance of the real estate market in Dubai, especially the sales system on the map, which allows the investor to buy through installments and allows…
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الرهن العقاري وتأمين الأصول المدعومة المقدمة إن التسنيد هو أداة مالية قوية تجعل من الممكن تحقيق ربحية الموجودات غير السائلة. نتفق جميعا على أن التوريق ساهم في الأزمة المالية لعام 2008 ، مما يدل على كيف أن هذه الأداة التجارية القوية هي سلاح ذو حدين: فهي قادرة على تعزيز…
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الوصول إلى سلطة إقليمية الجزء الأول المقدمة تتبع الإمارات القانون المدني في نظامها القانوني وينظم القانون الأساسي الذي ينظم اختصاص المحاكم بموجب القانون الاتحادي رقم 11 لعام 1992 وقانون الإجراءات المدنية (قانون الإجراءات المدنية) والقانون الاتحادي رقم 35 لعام 1992 المتعلق بقانون الإجراءات الجنائية ( قانون الإجراءات الجنائية). تعني ولاية…
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