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Transport, Energy & Revolving Synergy
The final Law Update of 2022 is here, and it’s packed full of articles. The double edition features two focus areas, first is a spotlight on Energy and Resources and second we feature a collection of articles on Transport and Logistics. The developments occurring in these sectors in the MENA region are unprecedented and our lawyers cover vast themes for you.
The Energy and Resources focus features topics such as diversifying energy resources, solar PV, mining in the Middle East, renewable energy and green hydrogen. From a transport perspective, we draw attention to the Bahrain metro project, discuss the challenges and remedies associated with the repossession of an aircraft, and there is advice on what to consider should a party vary the terms of a shipping contract.
This edition navigates you through updates from across jurisdictions such as, Oman, Jordan, Saudi Arabia, Egypt, Iraq, Qatar, and the UAE. Each article is timely and provides insights into legal issues and cases that are affecting these sectors across the region.
Read the full edition
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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