This issue is filled with great insights and expert commentary on areas that are relevant to the legal landscape and highlight how the business community is embracing technology, media and telecommunications. There are various topics covered, from new ways of working and digital transformation in the finance sector to data protection regulatory updates and guidance. We also have a series of articles that focus on e-commerce across a number of jurisdictions.
You will also find insights from our lawyers around real estate analytics, tech trends, and data centres.
We hope this edition of Law Update provides some useful food for thought – enjoy the read!Take a read of the edition
Despite 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
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