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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 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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Financial Lawyers in UAE
10 Oct 2019

Does the UAE real estate market need new financing rules?

Does the UAE Real Estate Market Need New Financing Rules? - Jui Dongare, Shubham Mishra, and Tulika Kaul 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…

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Lawyers in Dubai
05 Oct 2019

Unveiling Dubai Expo 2020

Unveiling Dubai Expo 2020 Tulika Kaul Introduction to Expo 2020  “Our region deserves the chance to organize this great world exhibition. Our country is ready to host it. We will keep our promise in connecting great minds to build a better future and we will organize the best event in…

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Property Lawyers in Dubai
29 Aug 2019

Off Plan Contract Termination

The decision of the Land Department to Cancel the Registration In the Decision of Court 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…

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Property Lawyers in UAE
27 May 2019

Tenancy Laws in the United Arab Emirates

Tenancy Law in the United Arab Emirates Introduction Tenancy law is a fundamental regulatory framework that systemizes the relationship between tenants and owners. It defines the obligations, risks, and procedural requirements to deal with disputes. In the UAE the provisions regarding tenancy law are found under Federal Law No.5 of…

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Property Lawyers in Abu Dhabi
24 Apr 2018

Securitization: UAE and Global Overview

Securitization: An Overview Introduction Securitization is a powerful financial tool that renders possible the profitability of illiquid assets. We all agree that securitization contributed to the 2008 Financial Crisis, demonstrating how this powerful business instrument is a double-edged sword: it is capable of both boosting and devastating an economy. The…

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Property Law of Abu-Dhabi
17 Mar 2018

Guide: Real Estate Investment In Abu Dhabi

Real Estate Investment In Abu Dhabi Introduction PLANNING TO PURCHASE A PROPERTY? # Things to Know 1. Conduct due diligence on both, the seller and the property before signing the documents. 2.   Verify the details of the property at the Abu Dhabi Municipality. 3. Consult a property or real…

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NEC4
30 Dec 2017

The Emerging Role of NEC Form of Contracts

GOOD FOURTUNE- NEC4 “It’s not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” - Charles Darwin Introduction Biological evolution has been “creating” lives on this earth for almost three billion years, constantly adapting everything to an ever-changing environment. It is…

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Real Estate Lawyers in Dubai
26 Nov 2017

Under the Radar

Under the Radar “Real estate investing, even on a very small scale remains a tried and true means of building an individual’s cash flow and wealth” - Robert Kiyosaki It is not strange to find Dubai to be investors’ favorite choice when it comes to real estate investment. Earning the name…

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Corporate Lawyers in Dubai
20 Nov 2017

Heads of Terms

Heads of Terms “Intention is one of the most powerful forces there is. What you mean when you do a thing will always determine the outcome. The law creates the world.”  -        {C}{C}Brenna Yovanoff Overview                                                                                                                             Every contract is the result of an intense negotiation between the parties of the contract…

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Banking Lawyers in Dubai
18 Nov 2017

Mortgage of Movable Assets in Dubai and the UAE

Mortgage of Movable Assets The enactment of UAE Federal Law Number 20 of 2016 Concerning Mortgaging of Movable Properties as Security for Debts (the New Law) is a milestone towards the UAE government’s initiative to bring positive changes in UAE’s mortgage law. In parallel to the recent laws on commercial…

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VAT Lawyers in Dubai
05 Sep 2017

Keeping it Simple: Federal Law Number (8) of 2017 on Value Added Tax

Keeping it Simple: Federal Law Number (8) of 2017 on Value Added Tax   The UAE's new governing law regarding VAT is the Federal Decree-Law Number (8) of 2017 (the Law). According to Article (1) of the Law defines Value Added Tax as ‘tax levied on import and/ or supply…

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