
Real Estate Law
The real estate law in the United Arab Emirates (UAE) is governed by Federal Law No. (5) of 1985, also known as the Civil Transactions Law, and its subsequent amendments. The law sets out the legal framework for real estate transactions and defines the rights and obligations of parties involved in real estate dealings.
The main features of the real estate law in the UAE include:
Property ownership: Non-citizens are allowed to own property in certain designated areas in the UAE, but restrictions apply to ownership in other areas.
Leasing: The law regulates the relationship between landlords and tenants, including the negotiation and execution of lease agreements.
Sales and Purchase Agreements: The law provides for the formation, negotiation, and execution of sales and purchase agreements for real estate properties in the UAE.
Mortgages: The law regulates the creation and enforcement of mortgage agreements in the UAE, including the rights and obligations of lenders and borrowers.
Dispute Resolution: The law provides for the resolution of disputes arising from real estate transactions through the courts or alternative dispute resolution methods such as mediation and arbitration.
It is not only advisable but rather crucial to seek the advice of experienced real estate lawyers to ensure compliance with the latest requirements in an ever-changing legal landscape.
Service’s
- Property sales and purchases
- Lease agreements
- Zoning and land use disputes
- Construction litigation
- Mortgage and foreclosure issues