It is a quarter past nine on a Tuesday morning and while motion in the lobby of the decades-old Dubai Land Department building is still slowly coming to life, two floors up, the offices of Dubai’s Real Estate and Regulatory Authority (RERA) is already a whirlwind of activity, the atmosphere abuzz with ringing phones and…
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…
The GCC’s top legal experts returned to Construction Week’s Dispute Resolution Questions Time 2019 conference in Abu Dhabi to demystify the root causes of construction claims, share insights on dispute avoidance and resolution mechanisms, and debate the benefits of alternative dispute resolution methods. Partner Antonios Dimitracopoulos shares his views during the panel discussion.
On the 1st of October 2017, the Federal Tax Authority (FTA) implemented an Excise Tax on certain products, including 100% on both tobacco-related products and energy drinks and 50% tax on carbonated drinks. Due to the success of these taxes in reducing the consumption of these products, the FTA, as per Cabinet Decision No (52)…
DUBAI – The UAE remains the best country for doing business in the Middle East and North Africa (Mena) region for yet another year, as it introduced 4 new reforms in the last 12 months, the World Bank said in its latest report. The World Bank praised the UAE, saying that the business regulatory reforms…
In total, 1990 economies were assessed in the report. Among the four reforms introduced last year, the UAE made starting a business less expensive by reducing the fee for business incorporation; dealing with construction permits was also made easier by using a risk-based approach to reduce the number of inspections; increased minority investor protections were…
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,…
UAE Law No. 1 of 2019 issued on 30th June 2019 by HH Sheikh Mohammed Bin Soud Al Khasimi Ras Al Khaimah is one of seven’s emirates of the UAE. As a recent World Bank report pointed out, Ras Al Khaimah has one of the best economies for enforcement contracts and its “estimated Ease of…