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Level Up: Unlocking Financial Potential In The Middle East
Welcome to this edition of Law Update, where we focus on the ever-evolving landscape of financial services regulation across the region. As the financial markets in the region continue to grow and diversify, this issue provides timely insights into the key regulatory developments shaping banking, investment, insolvency, and emerging technologies.
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.
A complete spectrum of legal services across jurisdictions in the Middle East & North Africa.
Circular Number R/102/2020 concerning the registration of Initial Sales Contracts
In light of the Dubai Land Department’s continuous endeavours to simplify and improve the registration services of real estate rights in Dubai, Majid Al Mirri, CEO, Real Estate Registration and Real Estate Services, issued Circular Number R/102/2020 concerning the registration of Initial Sales Contracts (“Circular”).
The Circular provides that it is no longer required for real estate developers and purchasers to sign the Standard Sale and Purchase Form generated by the Developer Self Registration (“DSR”) system for registration of Initial Sales Contracts. The Circular also confirms that the developer’s sale and purchase agreement which is signed by the developer and purchaser (together with the required documents), will suffice for the registration.
The above procedure is effective from the issuance date of the Circular, being 29 January 2020, and real estate developers can proceed to upload the signed sale and purchase agreement prepared by the developer onto the DSR system for registration purposes.
In our view, this is a very positive development which will simplify and expedite the registration process of Initial Sales Contracts.
If you have any questions relating to this update, please do not hesitate to contact us:
Tara Marlow
Partner, Head of Real Estate, Hotels & Leisure
t.marlow@tamimi.com
Mohammed Kawasmi
Partner, Real Estate
m.kawasmi@tamimi.com
Abdulla Khaled
Associate, Real Estate
a.khaled@tamimi.com
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