Dubai issued in September a new pertaining to the joint ownership of real estate in the emirate. Law No. (6) of 2019 outlines the procedures concerning the maintenance of buildings and common areas in addition to what share of costs each owner should pay. One of the key changes under the new law is the…
Developers will be responsible for fixing faults in individual units for a year, and for building structures for a decade A law governing jointly owned properties was passed in Dubai with the aim to “boost competitiveness and enhance investment in the real estate sector”. A Dubai government statement issued on Tuesday evening stated Law No…
Senior Partner, Dr. Ahmad Bin Hezeem, interviewed by Al Arabiya news channel, where he shares his insights on the New Real Estate Law in the UAE.
Dubai government expands opportunities for the private sector, as it restricts the expansion of state-related entities. Dubai is controlling the number of state-related entities to help support the expansion of the private sector and its economic growth. To assist with the governments already initiated attempts to reevaluate the role of the public and private sectors,…
Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), today signed a memorandum of understanding (MoU) with UAE-based regional law firm BSA Ahmad Bin Hezeem & Associates LLP (BSA), at Cityscape Global 2019. The MoU aims to develop professional skills in the real estate industry to promote Emiratisation and was signed…
Dubai Government Keeps Up with the Aspirations of the People His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler of Dubai, earlier this week issued the Dubai Law No. (4) of 2019 (“New Law”) pertaining to the Real Estate Regulatory Agency (“RERA”) initially established by law No. (16) of 2007…
A memorandum of understanding (MoU) between DLD and BSA was signed to promote foreign and local investment opportunities in Dubai Dubai Land Department (DLD) and BSA Ahmad Bin Hezeem & Associates (BSA) have subscribed to the Real Estate Lawyer (REL) initiative launched to streamline Dubai’s real estate sector processes. A memorandum of understanding (MoU) between…
Introduction Real property development in the United Arab Emirates (“UAE”) is often undertaken on a joint venture basis. The reasons are not dissimilar to other jurisdictions, and include the sharing of risk, specific development expertise, ownership restrictions of the real property and the increase in public private partnerships. It is vital that the joint development…
The Real Estate Law Master Class is a collaboration between DIFC AOL, LexisNexis and BSA Ahmad Bin Hezeem & Associates LLP. This Real Estate Law Course brings to life the colour and law of real estate in day-to-day settings. With a reference to a wide selection of case law, this course will enable you to…
Overview The general principles, which govern the maintenance obligations of a landlord and tenant in the UAE, are set out in Federal Law No. 5/1985 referring to the Civil Code, and further amplified in the laws of the individual Emirates. The general principles are further amplified (concretised) in the tenancy contract signed by the landlord…
Originally published on gulfnews.com John Peacock explains how the law treats a practice made infamous by speculators Property flipping is a term widely used in the US to describe the process of buying property and reselling it at a higher price, usually after making minor alterations or refurbishments. Technically the first buyer or the…
Owners’ associations (OA) have been in a somewhat tricky position since the introduction of value added tax (VAT) in the UAE in January. The exact rules and regulations remain unclear and at the heart of this confusion lies the simple question of whether OAs are tax exempt or not. The catch 22 position revolves…