The Real Estate Regulatory Agency of Dubai has introduced a new law for the registration of lease contracts. Under this law every lease or rental agreement has to be registered on the newly formed Ejari e-registration portal. There have been many irregularities in the past regarding the registration of the contract, which have lead to [...]

A few days back a businessman from the UK interested in buying two units of property in Dubai has been refunded for one unit because the projects was way behind schedule. This and many other similar incidents seemed to be shifting the balance of power in the favor of the buyers or investors in the [...]

A British businessman Ron Oakeley had bought two offices in a building named after the former formula 1 race driver Niki Lauda. The refund has been made by the Dubai courts for only one unit out of the two after looking into the matter. The complainant’s bought offices were behind schedule by almost 20 months. [...]

Dubai’s real estate law makers have been working hard to revive the lost confidence of the investors in the real estate of Dubai. These steps include fixing many loop holes and problems for the investors as well as tenants, which were earlier at the receiving end. Many new laws have been promulgated by the authorities [...]

Dubai World debt has been on the news since the crises came to public attention. Nearly 100 inquiries have been put to the special tribunal set for the Dubai World to get their money back from the giant conglomerate. The tribunal is said to be fully operational. Registrar of the tribunal & International Finance Centre [...]

Dubai is considered a tax heaven for many. People from across the globe come here to work because of many reasons, one of these reasons is the tax free income that people cannot enjoy in their own countries. Financial crisis has changed the way people look at things now. No one can predict with certainty [...]

Lately, there have been a lot of uncertainties enveloping the Dubai debt crises. The recent debt speculation of Dubai World was not less than a blow to the revising confidence of real estate investors in 2010. Different media have represented the picture differently. There are however, a lot of good things happening in Dubai, which [...]

Stakeholders in the Dubai real estate have been going through a rough period for some time now. There have been various reasons for this suffering. The speculators as well as the real estate investors have been shaken by the debt crisis. The new development plans as well as many continuing projects have came to a [...]

“Dubai World” is a real estate developer and also a company with ownership of government. It has been probably one of the hardest hit among those affected by Dubai debt crises. The repayment of debt by Dubai World is approaching. Few days back, it came out that some high ups in Dubai visited the western [...]

Dubai has been under a lot of pressure since the credit and liquidity crunch unfolded. Dubai has been on proactive mode for making laws that have been pro investor and pro tenant. Last six months have seen promulgation of many new laws for the Dubai real estate. Most of these new laws are focused on [...]