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Lawyers in Dubai
20 Jan 2024

New UAE’s Finance Leasing Law

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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Lawyers in Abu Dhabi
04 Jan 2024

Six New Laws to Regulate the Real Estate Sector in UAE

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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Criminal Lawyers in Dubai
27 Dec 2021

Economic and Fraud Provisions in the Middle East

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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Lawyers in Abu Dhabi
05 Dec 2021

Amendments to Jointly Owned Property Law

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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Law Firms in Dubai
18 May 2021

Leasing Law in the DIFC

Leasing Law in the DIFC “But land is land, and it’s safer than the stocks and bonds of Wall Street swindlers.”                                                          …

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Lawyers in Dubai
31 Jan 2021

Termination of Sale Purchase Agreement in the UAE

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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Property Lawyers in Abu Dhabi
04 Nov 2020

Real Estate Developments in Abu Dhabi and Dubai

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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Lawyers in Dubai
29 Sep 2020

How ADGM Registered Entities can Own Real Estate in Dubai

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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Lawyers in Abu Dhabi
24 Aug 2020

Non-payment of Service charges in Dubai and Abu Dhabi

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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Lawyers in Dubai
05 Apr 2020

How to Get Away with (a) Building

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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Lawyers in Dubai
05 Mar 2020

Investors’ Due Diligence Before Purchasing Real Estate in Dubai

Investors’ Due Diligence Before Purchasing Real Estate in Dubai Authors, legal professionals, bankers and jurists have written several 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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Lawyers in Dubai
27 Feb 2020

Owners Association in Dubai

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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Property Lawyers in Abu Dhabi
12 Feb 2020

Musataha Agreements in the Middle East

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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Property Lawyers in UAE
24 Dec 2019

Defective Property Post Handover in Dubai and UAE

  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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