Book an appointment with us, or search the directory to find the right lawyer for you directly through the app.
Find out moreReal estate, construction, and hospitality are at the forefront of transformation across the Middle East – reshaping cities, driving investment, and demanding increasingly sophisticated legal frameworks.
In the June edition of Law Update, we take a closer look at the legal shifts influencing the sector – from Dubai’s new Real Estate Investment Funds Law and major reforms in Qatar, to Bahrain’s push toward digitalisation in property and timeshare regulation. We also explore practical issues around strata, zoning, joint ventures, and hotel management agreements that are critical to navigating today’s market.
As the landscape becomes more complex, understanding the legal dynamics behind these developments is key to making informed, strategic decisions.
2025 is set to be a game-changer for the MENA region, with legal and regulatory shifts from 2024 continuing to reshape its economic landscape. Saudi Arabia, the UAE, Egypt, Iraq, Qatar, and Bahrain are all implementing groundbreaking reforms in sustainable financing, investment laws, labor regulations, and dispute resolution. As the region positions itself for deeper global integration, businesses must adapt to a rapidly evolving legal environment.
Our Eyes on 2025 publication provides essential insights and practical guidance on the key legal updates shaping the year ahead—equipping you with the knowledge to stay ahead in this dynamic market.
To capitalise on the growth of the global private credit market in the past decade, the Financial Services Regulatory Authority (“FSRA”) is proposing to expand the current range of funds available in the Abu Dhabi Global Market (“ADGM”) to include Private Credit Funds within its existing collective investment funds regulatory framework. A credit fund will be able to invest in credit facilities it originates, participates in or acquires from third parties.
The FSRA proposes that Private Credit Funds and their fund managers be exempted from the requirement to hold a Financial Service Permission, or satisfy a specified Base Capital Requirement, to carry on the regulated activities of ‘Providing Credit’ or ‘Arranging Credit’. However, given the inherent risks and limited liquidity of credit funds, the framework will provide certain operating restrictions and requirements:
Fund managers currently operating or seeking to operate in the ADGM and other concerned stakeholders are invited to comment and provide feedback before the deadline of 27 January 2023. You can find the consultation paper here.
At Al Tamimi & Co we regularly advise local, regional and global financial institutions on FSRA rules, ADGM legal developments and licensing of regulated financial services providers.
To learn more about our services and get the latest legal insights from across the Middle East and North Africa region, click on the link below.