| |
UAE is considered to be one of the most desirable
real estate opportunities in the world, evidenced
by the fact that one-third of construction-cranes in the
world, are currently being used to build properties with
in UAE.
The real estate market
is defined by both complexity and opportunity. What separates
success from failure is often how well you manage both.
With the incredible speed of construction in the UAE and
emerging real estate legislation, quite obviously, property
purchasers and sellers feel both anxious and insecure in
real estate transactions.
Specialized real estate
projects in UAE often require adequate legal counsel
from highly specialized lawyers and legal consultants, in
order to successfully meet the challenges and optimizing
success. With the introduction of laws and regulations in
relation to real estate developments, by the Dubai government,
the developers in Dubai would require a highly qualified
legal team to prepare and present proper documentation and
expedite the process of registrations and establishment
of escrow accounts.
We possess
the competence and experience in providing a complete range
of Real Estate services to our clients. Some of the
services offered to our Real Estate clients are as follows:
- Business Structures for Real Estate Companies:
The laws and regulations relating to real estate businesses
within UAE are extremely specialized and definitive.
Our lawyers have extensive experience in providing advice
and counsel in relation to the same. We assist our clients
by providing detailed advice on the business structure
required to be set up in UAE, in accordance with their
individual business objectives.
- Registration of Developers with the Dubai
Lands Department: To validly engage in the
business of property development in Dubai (UAE), it
is mandatory that the Developer should be registered
with the Dubai Lands Department. Registration as a Developer
with the DLD entails submission of pertinent documents
as required by the department, which documents can be
best prepared and presented by lawyers or legal consultants
having thorough understanding and ample knowledge of
the system. We provide comprehensive consultation and
assistance to our clients and assist them in preparation
and submission of their relevant documents, thereby
accelerating the entire process. Our lawyers are well
versed with the Dubai Lands Department requirements,
evidenced by the fact that w e have exhibited 100% success
rate with reference to the said registrations.
- Establishment of Escrow/Trust Accounts:
In order to secure the investors investing in the Real
Estate developments within Dubai, the government has
made it mandatory for all registered developers to establish
Escrow or Trust Accounts with any of the approved banks
of UAE. By means of the said Escrow or Trust Account,
the purchaser is always secured that the money shall
not be released to the Developer without due completion
and hand over of the property in UAE.
We have been actively involved
in providing adequate consultation to our clients with reference
to the said Escrow account set up services. Our clients
are always guaranteed timely and comprehensive services
in relation to Escrows.
-
Legal Representation and
Documentation: Whether you are the buyer, seller,
financer or borrower, you would require the assurance
that you are legally protected in all aspects of finance
as well as property. We recognize that complex real
estate issues are multi-dimensional and often require
resources and local expertise in many areas of the law.
Our team possesses the competence and experience in
securing all real estate transactions by providing comprehensive
consultation as well as indisputable documentation.
We believe in the theory ‘better safe than sorry’,
based on which we provide all kinds of due diligence
and legal review of our clients’ documentation.
|
|
