Dubai Government Expands Opportunities for the Private Sector

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 and BSA Sign MoU to Boost Skill Development and Emiratisation in UAE’s Property Industry

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…

New Dubai RERA Law Issued

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…

Launch of Joint Initiative to Streamline UAE’s Real Estate Sector to Promote Future Investment

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…

Joint Property Development Agreement

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…

What is property flipping?

  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…