The regional real estate, construction and hospitality sectors have been turned upside down over the last two years, with Covid-19 bringing these sectors to a halt. The impact of the pandemic remains, however, the resurrection of these vital sectors across the region is a welcome relief because they support the development of modern cities, which in turn have attracted commerce and tourism to the Middle East and North Africa.
This latest edition of Law Update, provides vital insights, updates and commentary on the latest trends taking shape across the real estate, construction, hotels and leisure sectors. The articles within this edition cover a broad range of topics, from what’s next for real estate in Dubai, to commentary on Saudi real estate, a market that is set to become the main bedrock of the region for years ahead. You will find articles on reforming real estate laws in Qatar, foreign investment and ownership in Oman, and mitigating risks on hotel construction projects and the lessons learnt from Covid.Read the full report
Watch a short video by Noff Al Khafaji, Associate here highlighting some key benefits of the new DIFC companies regime.
Further to our latest alert regarding the introduction of the new companies regime (“New Legislation”) enacted on 12 November 2018 (“Enactment Date”), new and existing DIFC companies must now comply with the New Legislation.
Please note that this alert does not apply to public companies limited by shares.
In line with the New Legislation, our team will be delighted to assist you in registering and securing ongoing compliance of an LTD by:
Noff Al Khafaji