Dubai Law iPhone Free App This App aggregates the latest News and Laws related to the Property Market in Dubai and the UAE, and offers insight on our Legal Services. via ProConsult Advocates and Legal Consultants Dubai Law Firm.
The UAE is close to finalising an updated federal bankruptcy law and a draft of the legislation should be ready by the end of this year, Justice Minister Hadef bin Juan al-Dhaheri said on Monday. The draft, which has been in the works since 2009, should enable both listed and family-owned companies in the UAE [...]
Dubai’s residential market for villas in prime locations is likely to remain strong during 2012 after seeing a three percent rise in Q1, CB Richard Ellis said on Tuesday. It said that the residential sector would see area-specific strengthening of rents, sales and occupancy rates as pipeline supply in developed locations becomes increasingly scarce. The [...]
Dubai was the world’s top performing real estate market in the first quarter of 2012, according to the latest Knight Frank Prime Global Cities Index. Dubai recorded a four percent rise between December 2011 and March 2012, the index showed, putting it ahead of the likes of Jakarta (3.3 percent) and London (2.7 percent). Overall, [...]
Dubai courts to consider legal cases as Nakheel stands alone United Arab Emirates The legal affairs department of the Dubai government has said Dubai Courts will hear cases involving Nakheel and its subsidiaries, following the separation of the developer from Dubai World on August 23, 2011, Gulf News has reported. “By virtue of the restructuring [...]
The UAE minister of justice, Dr Hadef Al Dhaheri has said a new bankruptcy law could be issued by the end of this year, The National has reported. “It is in the final stages as far as the ministry of justice is concerned, but it’s also a long process as far as others are involved,” [...]
First-of-its-kind Real Estate Investor Protection Law to be passed in Dubai The Property Investor Protection Law by June 2012, states that the Dubai Land Department will issue a new law soon, to organize the relationship between real estate investors and developers during the construction of projects. The Director General of Dubai Land Department, Sultan bin [...]
New law mandates complete refund for delay in handover of units The proposed Investor Protection Law, now promises real estate investors in Dubai, the right to seek cancellation of contracts and obtain complete complete refund, in case of any delay in handover of units, and failure to complete promised amenities as per sales contract. According [...]
New law would provide refunds if Dubai developers default on handover United Arab Emirates: Monday, April 30 – 2012 at 10:26 According to a proposed new Investor Protection Law in Dubai, property investors in the emirate are to be eligible for cancellation of their contracts and may seek full refunds if the real estate developer [...]
First-of-its-kind Real Estate Investor Protection Law to be passed in DubaiThe Property Investor Protection Law by June 2012, states that the Dubai Land Department will issue a new law soon, to organize the relationship between real estate investors and developers during the construction of projects.The Director General of Dubai Land Department, Sultan bin Mejren, mentioned [...]
Abu Dhabi Public Prosecution (ADPP) and Dubai Public Prosecution (DPP) signed Memorandum of Understanding to reinforce their strategic partnership and enhance cooperation on development projects related to regulations, service quality, and human resources. The MoU was signed by HE YousefSaeed Al Ibri, the Attorney General of Abu Dhabi, and HE EssamEisa Al Humaidan the Attorney [...]
The Government of Dubai Land Department (LD) has launched the new version of its real estate registration system (Al Tabou), heralding a new era in offering tens of electronic services and procedures to the audience under one user-friendly, quick process for 169 real estate procedures offered by the department and its divisions and affiliates. The [...]
The Department of Economic Development (DED) will implement the ’120 days hassle free license’ initiative, aimed to give businesses in Dubai a head start and promote the emirate’s competitiveness, by the end of 2012. The initiative, being implemented under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime [...]
Around 130 Emirati and international students, from universities and colleges around the world representing more than 30 countries, attended on the second day of Insight Dubai Conference 2012, a lecture about inheritance and Shari’ah Islamic law by Mr. Ammar Shams, Regional Head of Corporate Sustainability HSBC Bank Middle East Limited, Dubai. Mr. Shams, who has [...]
Dubai’s property market faces a global perception problem that could severely hamper investment over the long-term if issues related to build quality are not addressed, according to James Garbutt, joint managing partner of real estate consultancy Realpoint. Garbutt, whose company monitors and inspects construction projects for Dubai’s Real Estate Regulatory Agency (RERA), said poor quality [...]
The DIFC Courts, the English language, common law judicial system based in Dubai, have welcomed a colleague from their Dubai partner courts at the start of a one-month training programme. The course is an initiative of the successful DIFC Courts and Dubai Courts Joint Committee and is in line with the two courts’ MoU, which [...]
Dubai Investments, the owner of stakes in more than 40 companies, plans to exit some of its businesses as Dubai’s economy shows signs of a recovery, chief executive officer Khalid bin Kalban said. “We have three companies under evaluation or due diligence for private placements and by summer we can decide on exits,” Kalban said [...]
Investor sentiment was bullish yesterday, helping Dubai’s main stock market to rebound, extending a rally that began at the start of the year. Emaar Properties, the region’s biggest developer, rose 4.1 per cent to Dh2.99 a share. Dubai Investments jumped 5.7 per cent to 92 fils after the company’s chief executive Khalid bin Kalban told [...]
The UAE economy is back on track. Dubai’s service industry and its hotels are flourishing, Abu Dhabi is reaping benefits from higher oil prices. The Northern emirates are benefiting from a government’s $1.6bn infrastructure investment. But there is still a list of things to do in the country. By Gérard Al-Fil The UAE economy’s rebound [...]
The Dubai-based developer that built the Palm and World islands lost two court cases this week that will cost the company over $23m. In a verdict reached today, the company’s former CEO Chris O’Donnell was awarded $3m in damages by the Dubai World special tribunal in a breach of contract lawsuit against the developer. O’Donnell, [...]
The DIFC Courts, the English language, common law judicial system based in Dubai, were privileged to have the UAE’s Justice Minister, Dr Hadef bin Jua’an Al Dhaheri, open their first gathering for Emirati lawyers last Thursday. The event is part of the DIFC Courts’ efforts to highlight the many opportunities available to UAE national advocates [...]
Dubai Judicial Institute (DJI), a leading centre for legal studies and judicial training in Dubai, and a member of the General Network for Government Communication, has initiated in-depth discussions on the relationship between the judiciary and media and its role in ensuring comprehensive development at all levels. The discussions are being held on the sidelines [...]
U.A.E.’s New Visa Rule May Boost Property Demand in Dubai, Citigroup Says By Zainab Fattah – Jun 29, 2011 3:08 PM GMT+0400 The United Arab Emirates’ plan to extend visas for foreign homebuyers to three years from six months could lift demand in Dubai’s slumping property market, Citigroup Inc. said. The U.A.E.’s federal government yesterday [...]
Mohammed Bin Rashid Issues Law On Dubai Real Estate Corporation (26 June 2011) His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE in his capacity as the Ruler of the Emirate of Dubai has issued Law No. (11) of 2011 amending Law No. (14) of 2007 establishing Dubai [...]
Former CEO Chris O’Donnell sues Nakheel By Shane McGinley Thursday, 23 June 2011 10:13 AM Indebted Dubai developer Nakheel is being sued by its former CEO Chris O’Donnell for breach of contract, legal papers have confirmed. O’Donnell, who stepped down earlier this month after five years at the helm of the Dubai World subsidiary, is [...]
Developers use service charges to pass on district cooling costs Thursday, Jun 16, 2011 Gulf News Dubai Dubai property owners are paying too much for their air conditioning due to district cooling, real estate experts say. Matthew Green, head of research and consultancy at CB Richard Ellis Ltd Middle East, told Gulf News yesterday that [...]
Dubai’s Nakheel Says Pays Trade Creditors AED5 Bln Sunday, Jun 19, 2011 Nakheel, the real-estate unit of Dubai government-owned conglomerate Dubai World, said Sunday it has paid its trade creditors 5 billion dirhams ($1.37 billion). “Nakheel has to date made payments of AED5 billion to its trade creditors,” the company said in an emailed statement [...]
Dubai to get only 10,000 new units in 2011 Developments delayed by two years are now in process of being completed, handed over By Parag Deulgaonkar Published Sunday, June 19, 2011 Dubai is expected to see completion of close to 28,000 new units by end-2011. Picture for illustrative purpose (FILE) The Dubai Land Department (DLD) [...]
Dubai developers told not to charge over Dh500 for a NoC By Parag Deulgaonkar Parties have to stick to specified No Objection Certificate charges if stated in their contract, says official A senior Dubai Land Department DLD official has said they will not be able to negotiate or lower charges of no-objection certificate [...]
Dubai studies new property visa Monday, Jun 06, 2011 Gulf News Dubai: Dubai is studying the enforcement of a new residence visa system for property owners, sources from the government confirmed yesterday. The government official, who spoke on condition of anonymity, said that authorities in Dubai are discussing ways of granting owners of properties in [...]
ProConsult Launches the first iPhone App for a Dubai Law Firm. This App aggregates the latest News and Laws related to the Property Market in Dubai and the UAE, and offers insight on the Legal Services we provide.
