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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…
Read moreHow 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…
Read moreInvestors’ 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…
Read moreOwners 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 –…
Read moreDefective 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…
Read moreDoes 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…
Read moreUnveiling Dubai Expo 2020 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 the…
Read moreThe 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…
Read moreTenancy 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…
Read moreSECURITIZATION: 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…
Read moreИнвестиции 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…
Read moreGOOD 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…
Read moreHeads 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…
Read moreUnder 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” - {C}{C}Robert Kiyosaki It is not strange to find Dubai to be investors’ favorite choice when it comes to real estate investment. Earning the…
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