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Lawyers in Dubai
02 Sep 2020

ADGM Registered Businesses Real Estate

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
02 Aug 2020

Non-payment of Service charges

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 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
01 Mar 2020

Investors’ Due Diligence Real Estate

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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Lawyers in Abu Dhabi
02 Feb 2020

Musataha Agreement

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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Lawyers in Dubai
02 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
10 Dec 2019

Defective Handed Over Real Estate

  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

real estate market financing rules

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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Property Lawyers in Abu Dhabi
06 Aug 2019

off-plan contract termination

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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Asset Protection Laws in UAE
24 Apr 2018

Securitization

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 businessinstrument is a double-edged sword: it is capable of both boosting and devastating an economy. The United…

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Lawyers in Dubai
17 Apr 2018

Territorial Jurisdiction Part-1

  THE REACH OF TERRITORIAL JURISDICTION PART I Introduction The UAE follows Civil Law in their legal system and the primary laws governing the jurisdiction of courts is regulated by Federal Law Number 11 of 1992 the Civil Procedural Law (the Civil Procedures Law) and Federal Law Number 35 of…

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Property Law of Abu-Dhabi
30 Mar 2018

Инвестиции в Недвижимость в Абу Даби

Инвестиции в Недвижимость в Абу Даби Введение Математика просто и логична. Большое количество экспатов, наводнивших регион, привело к линейному росту спроса на недвижимость (в лизхолде и фрихолде). Но этот спрос на недвижимость относится не только к жилым единицам. Число коммерческих зданий в Эмирате Абу-Даби за последнее десятилетие увеличилось благодаря благоприятным…

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Law Firms in Dubai
18 Feb 2018

Contracts Law - Extension of Time

Preventive Principle and Extension of Time Time and again we have discussed the level of dynamicity in the sectors and industries such as construction, maritime, cryptocurrency and the like. Today, we are going to analyze why these areas in specific are comparatively more dynamic than others – mainly because projects…

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construction laws of UAE
30 Dec 2017

Возникающая роль формы контрактов NEC

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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