THE RISING IMPORTANCE OF ARBITRATION IN UAE LEGAL PRACTICE Introduction Arbitration has emerged as a cornerstone of modern legal practice, particularly in jurisdictions like the United Arab Emirates (UAE), where the demand for efficient and reliable dispute-resolution mechanisms is rapidly increasing. With its status as a global hub for commerce and investment, the UAE has embraced arbitration as a preferred method for resolving commercial,...
IS YOUR OFF-PLAN REAL ESTATE PROJECT LATE? WHAT CAN YOU DO ABOUT IT LEGALLY? Investing in off-plan real estate in Dubai can be an exciting prospect, offering significant returns once the property is completed. However, what happens when the project is delayed, and you’re left waiting for your property? Understanding your legal rights as a buyer is crucial if you find yourself in this situation. What is an Off-Plan Project in Dubai? An off-plan...
REGISTERING WILLS FOR NON-MUSLIMS IN DUBAI Dubai’s legal framework for Wills has been developed to accommodate the diverse needs of its expatriate and local communities. The process and types of Wills can vary depending on your religion, residency status, and the assets you hold. Below are details of the Will registration process for non-Muslims in Dubai: Types of Wills in the Dubai: 1- Will registration in DIFC (Dubai International...
Is Cryptocurrency a Viable Option for Real Estate Transactions in the UAE? Paying for Real Estate in Dubai with Cryptocurrency Cryptocurrency is gaining popularity as an alternative payment method in real estate transactions across the UAE. With the country’s forward-thinking approach to blockchain technology and digital assets, crypto is becoming an attractive option for buyers and sellers. One of the main benefits of using cryptocurrency...
Escrow accounts are pivotal in UAE financial transactions, promoting security and trust between parties. This guide offers a thorough overview of how escrow accounts function under UAE law, detailing their purpose, legal framework, benefits, and key considerations. What is an Escrow Account? An escrow account is a financial setup in which a third party, called the escrow agent, holds and manages the funds involved in a transaction between two...
Charter Legal takes pride in serving as the Gold Sponsor of Dubai Arbitration Week (DAW), 2024. We invite you to join us on November 14th, 2024, Thursday at the Waldorf Astoria, DIFC, for the CIArb UAE Branch Seminar. Dubai Arbitration Week emphasizes the UAE's unique arbitration framework, which encompasses various arbitration venues, including the Dubai International Financial Centre (DIFC), the Abu Dhabi Global Market (ADGM), and traditional...
Starting your business in the UAE? What are the key steps and requirements you need to know? The UAE is one of the most attractive destinations for entrepreneurs and businesses due to its strategic location, tax advantages, and pro-business environment. Understanding the process and requirements of the UAE laws is crucial whether you're looking to launch a startup or expand an existing business. Here’s a guide to help you navigate the key...
HOW CAN TENANTS AND LANDLORDS RESOLVE RENTAL DISPUTES IN DUBAI? Dubai’s rental market is regulated by Law No. 26 of 2007, as amended by Law No. 33 of 2008. These laws govern the landlord-tenant relationship, outlining the rules for rental agreements, dispute resolution, and the rights and responsibilities of both parties. The Dubai Rental Dispute Center (RDC) is the main authority that resolves rental disputes in Dubai. It provides mediation...
How Can Legal Disputes and Issues Between Real Estate Developers and Buyers in Dubai Be Addressed? In the real estate market, the interaction between developers and buyers is crucial for the success of real estate projects. However, numerous legal disputes can arise during and after the construction process, necessitating a thorough understanding of laws and legal practices to avoid or effectively resolve conflicts. The issues that commonly...