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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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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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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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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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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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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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Решение Арбитражного Суда VS Политика Государства «Общественный порядок - хрупкая вещь, и если вы не исправите первое разбитое окно, скоро все окна будут разбиты» - Джеймс О Вильсон Многие из нас вздрагивают при мысли о судебных разбирательствах, учитывая их дорогостоящий и продолжительный характер. Но, к счастью, для нас существуют…
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Does BUY NOW = DELIVER NOW? When I opened my Microsoft Word application on my personal computer this morning to write this article, it read that – ‘Your subscription as expired; choose one of the following options to reactivate.' This confused me for two reasons: (i) I was under the…
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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.” - Brenna Yovanoff Overview Every contract is the result of an intense negotiation between the parties of the contract…
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