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Dubai 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.
Disclaimer: This chat service should not be relied upon as a substitute for professional advice which takes account of your specific circumstances and any changes in the law and practice. No warranty is made as to the accuracy or completeness of the information provided via this service and no liability is accepted by Al Tamimi & Company Limited, its affiliates, partners or employees for any loss arising as a result of reliance upon the information provided.
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