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Find out moreWe are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.
For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.
There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.
Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.
Read the full editionDubai International Financial Centre (“DIFC”) announced, on 14 November 2018, a new set of real estate laws and regulations:
In relation to leasing and transfer of interests
In relation to strata
The new laws and regulations represent the first significant overhaul of the DIFC’s real estate framework since 2007. However, it is certainly not the final chapter as we expect additional legislation and regulations to be introduced in the short term, notably the long awaited DIFC Leasing Law.
Al Tamimi’s Real Estate team has considerable experience and knowledge of real estate projects in DIFC. Whether your transaction involves the development of a jointly owned real estate project, acquisition and disposal of direct and indirect real estate investments or commercial letting in DIFC, we can provide the expertise you need to meet your objectives.
Please contact Jeremy Scott, David Bowman or Malek Al Rifai if you have any questions on the new laws and regulations or if would like to discuss any real estate opportunities in DIFC.
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