The Dubai Chamber of Commerce and Industry recently hosted a workshop which provided the business community with more clarity on existing real estate laws in the UAE and recent regulatory developments impacting the sector.
The workshop, led by Dubai-based law firm Galadari Advocates & Legal Consultants, was held at the chamber’s premises and attended by its members besides lawyers and legal consultants, real estate brokers, real estate agents, real estate investors, real estate counsel and contract administrators.
Participants were briefed on several aspects related to the sector including, market risks and challenges, case studies of real estate disputes, and practical tips for maximising the benefits of real estate investments.
The workshop, entitled “Insight into Real Estate Laws”, was led by several experienced lawyers from Galadari Advocates & Legal Consultants who specialise in real estate, corporate, litigation and arbitration, including Ken Dixon, Partner; Gerry Rogers, Senior Associate - Corporate & Commercial; Manish Narayan, Co-Head Real Estate Projects; and Daniel Brawn, Senior Associate - Construction and Arbitration.
The speakers advised participants on identifying and avoiding common real estate risks and highlighted rights outlined under existing real estate laws related to ownership, foreign ownership, freehold, co-ownership, and leases.
Sessions were also designed to demonstrate how real estate laws in the UAE impact buyers, sellers and guarantors and offered guidance on the dispute resolution process.
At the end of the workshop, Dixon said several recommendations were shared with participants to mitigate real estate risks and the attendees were also made aware of the standard documents that are required for various types of real estate transactions.
Accoring to him, the workshop was very useful as it raised awareness about important real estate matters impacting the business community and provided a platform for participants to pose their questions directly to the experts.
Jehad Kazim, the director, Legal Services Department, at Dubai Chamber, stressed the importance of organising such workshops as UAE real estate laws are updated frequently in line with the requirements of the fast-growing market.
It is imperative that the business community stays up-to-date on changes and matter impacting the sector, she noted.
Dubai Chamber regularly organises training seminars and workshops to highlight the major business trends and laws impacting the emirate’s private sector. These events fall in line with its strategic objectives of creating a favourable business environment and supporting business growth in the emirate.
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