United Arab Emirates UAE
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Calling out the State’s argument of Helplessness, the High Court criticized the Government for inaction in the inter-denominational land dispute between orthodox and jacobite denominations of Christian community. The court noted that the Supreme Court of India in their final ruling in 2017 had granted the Orthodox group the power to govern 1,100 churches and parishes under the Malankara Orthodox Syrian Church, and that the Jacobites had no claim to any of them. The government's argument of complications arising if the order is carried out was not accepted since the government was interpreted to have necessary mechanism to implement the same. This has been a key socio-political and legal issue, and an action in favour of any community in specific would result in political repercussions for political parties vying for attention from the communities, both of which are of significant proportion across constituencies in the State.
The luxury property market has seen a boom in recent years, with a growing number of high-end properties being sold. This trend has been fuelled by a variety of factors, including a growing number of ultra-high-net-worth individuals, low-interest rates, and strong demand for prime real estate in popular cities and vacation destinations. Dubai has achieved several milestones in the luxury property...
The Ruler of Dubai has allotted 4000 land plots and has also increased the limit of interest-free housing loans to AED1 million, for eligible recipients. Housing and social infrastructure projects are one of the government's top priorities, according to H.H. Sheikh Mohammed. As part of the first phase of an Emirati housing scheme, 4,000 land plots and residences were allocated to Dubai residents at...
Investments in property have shot through the roof in the UAE over the past decade and there are more investors in line to grab their share of land. The Sale and Purchase Agreement (SPA) offers several benefits to real estate investors on fronts of sale and purchase. In Short, the buyer and seller enter into a Sale and Purchase Agreement after they both agree to buy or sell a particular movable or...
Dubai's Renting Disputes Centre (RDC), which created the first smart judicial rental system in the world, has resolved 100,000 rental claims. Within the span of nine years, RDC has boosted investor trust in the emirate's legal framework. Being the judicial arm of the Dubai Land Department (DLD), RDC was established as part of a systematic development journey to bring economic stability to landlords...
The expropriated property owners in UAE shall now be provided with full and fair compensation. A new law was passed in Dubai on the expropriation of private property for public use. The new law was passed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the United Arab Emirates and Ruler of Dubai. expropriation refers to the action by the state or an authority...
Dubai is a rapidly expanding city with a thriving economy that offers attractive returns on property investments. Its impressive infrastructure, connectivity, and urban planning have established it as a global hub. It is also evolving into a sustainable city. Due to the absence of taxes, Dubai is an attractive location for investment, particularly in the real estate sector, where investors can benefit...