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Rise of Generative AI
Welcome to the latest edition of Law Update titled “Rise of Generative AI.”
In this edition, we dive into the dynamic world of Technology, Media, and Telecommunications (TMT) across the Middle East and North Africa (MENA) region. TMT continues to play a vital role in positioning the region as an international business and social hub, driving significant growth and innovation.
Our focus in this Law Update is on the sector’s ongoing potential to advance and propel the region toward a more digital economy. We explore the benefits of embracing a digital transformation and how local authorities have responded by enhancing regulations to accommodate the evolving TMT landscape.
This edition covers a range of topics, including – the new Telecommunications & Information Technology Law in Saudi Arabia, the intricacies of trademarks in the Metaverse, and the legal challenges faced by the video game industry. Additionally, we take a regional perspective, discussing jurisdictions such as Kuwait, Saudi Arabia, UAE, Oman, and Bahrain to provide a comprehensive understanding of the TMT landscape.
We hope you thoroughly enjoy this packed issue of Law Update, filled with captivating articles that address key legal issues within a vital sector for the region.
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A complete spectrum of legal services across jurisdictions in the Middle East & North Africa.
Abu Dhabi Property Law
Department of Municipal Affairs and Transport (“DMAT”) introduces caps on Developer Fees and Broker Fees and the Standard Form of Brokerage and Sub-Brokerage Agreements.
The Department of Urban Planning and Municipalities (“DPM”), previously known as DMAT, has set a cap of AED 5,000 on administrative fees which developers may charge on disposals. This cap, introduced in Decision No. 183 of 2017 of the Chairman of DMAT, was effective from 15 November 2017.
Decision No. 183 of 2017 also sets caps on broker commission fees, as follows:
- for sales, a cap of 2% of the purchase price (subject to a maximum fee of AED 500,000); and
- for leases, in the absence of an agreement on the brokerage fees, a cap of 5% of the total rent of the entire lease term.
DPM also published standard forms of brokerage agreements and sub-brokerage agreements. Use of these standard agreements is now compulsory, however, it is possible to include additional provisions.
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