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Law Update: Real Estate, Construction & Hotels
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.
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A complete spectrum of legal services across jurisdictions in the Middle East & North Africa.
Xavier Solanes
Senior Associate
Biography
Xavier is a lawyer qualified in Spain, with over 5 years of international tax experience. Prior to joining Al Tamimi in 2017, he worked for more than four years at leading Spanish firm Cuatrecasas.
Xavier has advised a wide-range of clients including financial institutions, large multinationals, family offices and local companies in Spain.
Xavier specialises in advising on international tax structuring and tax aspects of cross border M&A and investments, real estate transactions, as well as providing ongoing advice on Corporate Income Tax and VAT consolidated groups.
He has in-depth knowledge and expertise across all taxes including corporate and personal income tax, VAT, withholding taxes and double taxation treaties, in a wide range of industry sectors.
Recent Experience
- Implementing and advising on VAT implications for GCC and foreign clients across the region.
- Advising on income tax and on withholding tax implications across the region for local and foreign clients.
- Advising on VAT implications for financial institutions across the GCC.
- Carrying on tax due diligences in the UAE and in KSA, advising on structuring and M&A transactions and support documentation.
- Advising on custom duties in the UAE and Saudi Arabia.
- Providing tax advice to banks based in the GCC in connection with the issue of shares and sukuk.
- Drafting requests for clarification to the UAE Federal Tax Authority.
- Assisting clients against tax authorities’ decisions and drafting appeals and applications for reconsideration.
Language(s)
- English
- Spanish
- Catalan
- French
Education
2017 – Postgraduate diploma in International Taxation, ESADE
2014 – LLM, Tax advisory and tax planning, UIC Barcelona
2012 – LLB, Universitat Pompeu Fabra
Admission
2013 – Attorney-at-law Barcelona Bar, Spain
Practice(s)
Insights
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