Real Estate Law
We represent many real estate companies in the region.
Mohammad Al Saadi Advocates Legal Consultants is specialized in Real Estate Law. It is a set of subsequent laws and regulations that has been issued since 2006. Previously, the real estate cases were considered before the civil and commercial circuits of the UAE courts; and they were regulated by the Civil and Commercial Transaction Law. Dubai and Abu Dhabi experienced the real estate revival by building Burj Khalifa, the longest tower in the world; and skyscrapers. The real estate revival extended from the land to sea areas, on which the best residential projects were built, including villas and apartments; such as: Palm Island project, along with the great economic projects, including resorts and international hotels. Such projects attracted the attention of the people around the world. They are great landmarks due to their marvelous architecture and magnificent shape. Thus, UAE has become a destination for tourism and global investment. Then the rest of the emirates; Sharjah, Ajman, Ras Al Khaimah, Fujirah and Umm Al Quwain started to cope with the real estate revival all over the UAE, through the construction of various real estate landmarks and towers. Accordingly, legal regulations have been set to ensure stability in all the real estate transactions and investments. Competent courts have been formed to meet the needs of the investors, developers, contractors, and real estate brokers.
UAE has become, nowadays, a center for real estate projects as a firm set of legal regulations has been enacted from its rapid experience in few years of effort and contribution to comply with the unique real estate revival. In the past four years, a set of laws, rules and legal regulations have been set in Dubai while building Burj Khalifa:
- Regulation No. (3) of 2006 concerning the determination of areas where non-locals can acquire properties in Dubai.
- Law No. (7) of 2006 concerning Real Property Registration.
- Bylaw No. (85) of 2006 regulating the Real Estate Brokers Register.
- Law No. (8) of 2007 concerning Escrow Accounts for Real Estate Development in Dubai.
- Law No. (16) of 2007 on Establishing the Real Estate Regulatory Agency.
- Law No. (26) of 2007 regulating the Relationship between Landlords and Tenants in Dubai.
- Law No. (27) of 2007 concerning Ownership of Jointly Owned Real Property in Dubai.
- Law No. (13) of 2008 regulating the Interim Property Register in Dubai.
- Law No. (33) of 2008 amending Law No. (26) of 2007 Regulating the Relationship between Landlords and Tenants in Dubai.
- Law No. (9) of 2009 amending Law No. (13) of 2008 regulating the Interim Property Register in the Emirate of Dubai.
- Decree No. (4) of 2010 regulating the Grant of Title to Allotted Industrial and Commercial Land in Dubai.
- Executive Council Resolution No. (6) of 2010 approving the Implementing Bylaw of Law No. (13) of 2008 regulating the Interim Property Register in Dubai.
Our advice for real estate developers, vendors, purchasers, and real estate brokers to consult an advocate concerning the real estate contracts before signing and concerning any other legal action. It is advised to comply with the conditions of the contract to ensure your rights, including delivery of real estate unit within the agreed period; or paying the price of the real estate unit on the due date.