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Find out moreThe first Law Update of 2024 is here, and our first focus of the year spotlights Healthcare and Lifesciences, a sector that is undergoing significant growth and development across the MENA region.
Our focus provides an insight into some of the most important regulatory updates across the region, such as the UAE’s groundbreaking law on the use of human genome, Kuwait’s resolution on nuclear and radioactive materials, the new regulations for healthcare services in Qatar, Egypt’s healthcare regulatory framework, and the impact of the Saudi Civil Transactions Law on the healthcare and life sciences sector … and there is so much more!
Beyond the healthcare pages our lawyers share with you multi-sector insights where you will discover articles on Dubai’s DIFC regulatory framework for startups, Bahrain’s commercial agencies law, and we also shed light on Kuwaiti civil code and the advantages of setting up a joint stock company in Saudi Arabia.
Read the full editionDespite no legal restriction on the ownership of real estate assets in mainland Dubai by Dubai International Financial Centre (“DIFC”) entities, in practice DIFC entities could only obtain title at the Dubai Land Department (“DLD”) by obtaining approval on a case by case basis.
To facilitate the requirements of DIFC entities, the DIFC and DLD have now signed a memorandum of understanding (“MOU”) allowing DIFC entities licensed by DIFC to take title to real estate in mainland Dubai.
The MOU prescribes the process the DIFC applicant must follow in order to complete the real estate title registration as well as the documents required and the fee that shall be paid to DLD in this regard.
Key MOU Provisions
How Can We Help?
Our team of experts would be delighted to assist you particularly in relation to the following:
Should you wish to learn more about the MOU, please contact Jeremy Scott, Partner, Real Estate and Izabella Szadkowska, Partner, Corporate Structuring.
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