Dubai Land Department Archives - Fichte & Co Legal

Everything You Need to Know about FIDIC Contract in the UAE

Fichte Legal — Mon, 27 May 2019 02:58:15 +0000

Introduction The International Federation of Consulting Engineers (FIDIC) is an international organization best known for developing standard contracts forms for the construction and engineering industry. Due to the rapid construction growth during the last 20 years and international cooperation, FIDIC contracts are commonly used on construction projects in UAE. However, peculiarities of legislation and special …

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Examining FIDIC Construction Contracts: Part 1 – The Dispute Adjudication Board

Fichte Legal — Wed, 31 Oct 2018 02:28:33 +0000

Muqawala contract or construction contract is in its general nature, governed by the general liability rules stipulated in the Federal Civil Transactions Law No. (5) of 1985 as amended by the law No. (1) of 1987. In particular, the specific articles regulating the relationship between the employer, the main contractor and subcontractors are mentioned in …

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8 Essential Issues to Consider Before Signing your Sale and Purchase Agreement – Dubai Property Laws

Fichte Legal — Mon, 27 Aug 2018 08:42:42 +0000

Purchasing off-plan property has become the new norm, with affordable prices and the increase in incentives being offered, purchasers are quick to jump on the bandwagon. The Dubai Law No. (8) of 2007 On the Matter of Escrow Accounts for Real Estate Development (“Escrow Law”) was issued for the purposes of safeguarding purchaser’s money after …

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News Update: FTA Publishes Real Estate Guide to VAT Law

Fichte Legal — Sun, 11 Mar 2018 07:30:33 +0000

The Federal Tax Authority (FTA) has published a number of guides on its website to further assist taxpayers to understand the VAT Law for Real Estate, and the Regulations. There have been a few legal issues surrounding the supply of real estate- concerning both commercial and residential properties. Despite the detailed provisions mentioned in the VAT …

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New MoU between Dubai Land Department and Dubai International Financial Centre

Fichte Legal — Sun, 05 Nov 2017 05:38:14 +0000

The Dubai Land Department (DLD) and the Dubai International Financial Centre (DIFC) entered into a Memorandum of Understanding (MOU) on May 4th 2017, allowing DIFC registered entities to purchase properties and register their properties with the DLD. The MOU stipulates certain “eligible entities” in the DIFC which can own property in Dubai. This covers companies, …

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DLD Toughens Up on Negligent Developers

Fichte Legal — Tue, 25 Mar 2014 03:13:00 +0000

Rera Developers will have to setup an IOA before claiming fees for services after the 1st year A new circular published on March 10 by RERA, the regulatory arm of Dubai Land Department (DLD) states that Developers in Dubai will not be allowed to manage their project if complaints of negligence or mismanagement are received …

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DLD Makes Unified Real Estate Contracts Mandatory

Fichte Legal — Sun, 23 Mar 2014 22:35:22 +0000

In line with its stated aim to create a transparent and professional real estate market with clear and measurable standards, Dubai Land Department ( DLD ) has announced the launch of unified real estate contracts. The new agreements have been designed to regulate the relationship between the parties involved in property transactions and to avoid …

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