The regional real estate, construction and hospitality sectors have been turned upside down over the last two years, with Covid-19 bringing these sectors to a halt. The impact of the pandemic remains, however, the resurrection of these vital sectors across the region is a welcome relief because they support the development of modern cities, which in turn have attracted commerce and tourism to the Middle East and North Africa.
This latest edition of Law Update, provides vital insights, updates and commentary on the latest trends taking shape across the real estate, construction, hotels and leisure sectors. The articles within this edition cover a broad range of topics, from what’s next for real estate in Dubai, to commentary on Saudi real estate, a market that is set to become the main bedrock of the region for years ahead. You will find articles on reforming real estate laws in Qatar, foreign investment and ownership in Oman, and mitigating risks on hotel construction projects and the lessons learnt from Covid.Read the full report
Ahmad Ghoneim (FCIArb) joined Al Tamimi & Company in 2012 and he is a partner in the Dispute Resolution Department. Ahmad previously worked in a local firm in Abu Dhabi from 2010 before joining Al Tamimi & Company. Ahmad was a participant in the establishment of new legal precedents in the Abu Dhabi Court of Cassation, where his knowledge and deep understanding of UAE Civil Code played a vital role. The first new precedent was related to the application of the liquidated damages after the termination of the contract. The second new precedent was related to the precautionary attachment powers of the arbitration awards, while ratification process is pending.
Ahmad received his Bachelor of Law degree from Cairo University, and an LLM in International Investments and Trade Law from Cairo University. He is currently undertaking his MSc in Construction Law at the British University in Dubai. He is also a MCIArb, Member at ICC Young Arbitrators Forum, Member at King’s College Construction Law Association, Member at LCIA Young International Arbitration Group, and Member at DIAC 40 Young Arbitrators.
Ahmad is heading up the construction litigation team in Abu Dhabi. During the last ten years, Ahmad handled many construction litigation disputes, along with civil, and commercial disputes through. He successfully handled several construction disputes that involved arguments related to the UAE laws’ position towards the concurrent delay, nominated subcontractors, and the employer’s right to apply the LDs. He has extensive experience in arbitration disputes, ratifying and recognizing the arbitration awards in UAE. He successfully handled and ratified a number of the arbitration awards despite the opponents strongly arguing that the awards should be nullified due to several reasons, such as, parties’ lack of capacity, invalid arbitration agreement, and etc.
Ongoing – MSc in Construction Law and Dispute Resolution, British University in Dubai
2010 – LLM in International Investment and Trade Law with emphasis on the International Commercial Arbitration “Comparative Law”, Cairo University
2004 – Bachelor of Laws, Cairo University
2009 – Egyptian Bar Association
2005 – Practice in Cairo, Egypt