FICHTE WEBINAR: COVID-19 Impact on the UAE Real Estate Market
Free Live Webinar As the Coronavirus outbreak continues to affect the real estate market in the UAE, the quantum of the impact in this industry will depend on how long the economy takes to get…
Developers’ Right to Terminate off Plan Sales to Defaulting Buyers. No Court Order Needed.
[vc_row][vc_column][vc_column_text]In 2017, His Highness Sheikh Mohammed Bin Rashid Al Maktoum issued Law No. 19 of 2017, amending Article 11 of Law No. 13 of 2008 on the Interim Real Estate Register in the Emirate of…
What Can a Buyer Do if Faced with a Cancelled Off-Plan Real Estate Project In Dubai?
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Ruler of Dubai and Prime Minister of the UAE, issued decree N⁰ (21) of 2013 on 23rd July 2013 concerning the formation of a special judicial committee…
Force Majeure and the Coronavirus
Companies are doing their best and taking precautions to prevent the spread of the Cornovirus; some of the measures these companies are taking could invoke force majeure clauses or the "impossibility of performance" defence as…
Everything You Need to Know about the New Joint Property Law
Background and introduction Just recently, His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President and Prime Minister of the UAE issued Law No. (6) of 2019 pertaining to the Joint Ownership of Properties (Joint…
Will insurance cover damages by rain? UAE law firm clarifies
[vc_row][vc_column][vc_column_text] Residents have questions whether these damages are covered under the insurance as rains are caused by "intentional act" of cloud seeding. Damages to vehicles and properties caused by the ongoing record-breaking rain spell are…
Property Disposition: Exemptions from Fines
Exemption from fines for non-registration of real estate dispositions and non-payment of the prescribed fees at the Dubai Land Department We have always seen changes made in the Dubai Real Estate Law which had attracted…
Everything You Need to Know about FIDIC Contract in the UAE
Introduction The International Federation of Consulting Engineers (FIDIC) is an international organization best known for developing standard contracts forms for the construction and engineering industry. Due to the rapid construction growth during the last 20…
Examining FIDIC Construction Contracts: Part 1 – The Dispute Adjudication Board
Muqawala contract or construction contract is in its general nature, governed by the general liability rules stipulated in the Federal Civil Transactions Law No. (5) of 1985 as amended by the law No. (1) of…