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
The Dubai Land Department (DLD) and Abu Dhabi Global Market (ADGM) have signed a memorandum of understanding (MoU) to allow ADGM-registered entities to own properties in Dubai.
This move will strengthen the Dubai real estate market as it broadens the base of potential investors. It also increases ADGM’s attractiveness as a free zone.
Land and property ownership in Dubai is still subject to the local laws, meaning that non-GCC national investors can invest in Dubai property only in designated areas. DLD has previously signed similar agreements with free zones in Dubai. However, the MoU expands the range of options that both local and international investors can use to own Dubai property and allows them to use an ADGM vehicle (such as a real estate company, an investment company, a holding company, or a foundation) to do so.
ADGM is an international financial free zone based in Abu Dhabi, UAE. Its goal is to develop and cement Abu Dhabi’s position as a global hub for business and finance.
Among its advantages:
Senior Associate, Real Estate
Associate, Corporate Structuring