8 Essential Issues to Consider Before Signing your Sale and Purchase Agreement – Dubai Property Laws
Purchasing off-plan property has become the new norm, with affordable prices and the increase in incentives being offered, purchasers are quick to jump on the bandwagon. The Dubai Law No. (8) of 2007 On the…
News Update: FTA Publishes Real Estate Guide to VAT Law
The Federal Tax Authority (FTA) has published a number of guides on its website to further assist taxpayers to understand the VAT Law for Real Estate, and the Regulations. There have been a few legal issues…
New MoU between Dubai Land Department and Dubai International Financial Centre
The Dubai Land Department (DLD) and the Dubai International Financial Centre (DIFC) entered into a Memorandum of Understanding (MOU) on May 4th 2017, allowing DIFC registered entities to purchase properties and register their properties with…
Summary of the new UAE VAT Law
On 23 August 2017, the UAE published Federal Decree Law No. 8 of 2017 on Value Added Tax (“VAT Law”) which comes into effect on 1 January 2018 and sets out the framework within which…
Real Estate Property Rights and Musataha in the UAE
The real estate market in the UAE has boomed in the past couple of years and has become known for the developments of some of the largest projects in the world. Despite the property market…
DLD Makes Unified Real Estate Contracts Mandatory
In line with its stated aim to create a transparent and professional real estate market with clear and measurable standards, Dubai Land Department ( DLD ) has announced the launch of unified real estate contracts.…
New Rental Cap Decree In Dubai
His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued Decree No. 43 of 2013 (“Decree 2013”) in connection with the real estate rental increase in the Emirate of Dubai. The provisions of Decree 2013…
DIFC Amends Real Property Regulations
The Dubai International Financial Centre Authority has announced it has launched a consultation on proposed amendments to its Real Property Regulations. The consultation ends on 22 February 2014. If adopted, the proposed amendments would increase…