Two important institutions, Dubai’s RERA (Real Estate Regulatory Agency) and the DIAC (Dubai International Arbitration Centre) together with the legal community have encouraged companies to solve their disputes over real estate contracts through arbitration. The main argument is that this form of resolution is a much more effective and expeditious way to reach an agreement between the parties. Our law firm in Dubai provides legal services such as assistance in an arbitration process.
Mutual relations between UAE and India are in a very positive trend. The signing of 14 agreements at the beginning of this year is a clear sign that the two economies have in plan a long term relationship. The cooperation is planned for maritime transport as well as for the collaborative use of common storage facilities. The collaboration between the two nations relies as well on up to 58 billion $ commercial trade annually.
Elaborated by the DED (Department of Economic Development), the buyer protection program launched by the UAE is an important tool for protecting the traders who import goods from the Emirates. This is also a powerful instrument for increasing the efficiency and the dimensions of the import-export activity between UAE and other nations.
In 2016, UAE was one of the most successful spots for investments in infrastructure. Along with the public funds used in infrastructure, UAE is orienting now more and more to alternatives of private investments, in order to counterbalance eventual barriers of development that can be caused by short term fluctuations, such as security issues, currency devaluations or variations in commodity prices.
The UAE Bankruptcy Law has the potential to improve the credit dynamics in the region and offer guidance for the implementation of updated insolvency regimes in other countries in the area. Experts believe that the changes brought to the existing laws will provide more options for corporate restructuring. A solid legislative system will also translate into an improved investors’ confidence in the UAE. Our lawyers in Dubai can offer more information about the most important provisions concerning bankruptcy and insolvency in the Emirates.
Dubai aims to become an even more attractive tourism destination through a better promotion of cruise ship tourism. The planned growth for the 2016/2017 season is as high as 18 percent, compared to other years. The cruise ship sector in Dubai has grown since 2014 after the multiple entry visa scheme was implemented in the UAE. This was beneficial for many foreign investors in Dubai and the rest of the emirates, especially for those from India or China.
Employees in Dubai are bound by the employment contract to respect the terms from resigning from the job. Failure to observe the mandatory notice period or the improper contract termination on part of the employee have consequences for the individual. Companies in Dubai will usually have an HR department that handles these types of cases. Those in need of legal assistance for employment issues can request the services of a law firm in Dubai.
The non-oil economy in Dubai has been showing signs of growth, with one of the most significant sectors being tourism. The third quarter of 2016 was the most profitable for non-oil economic activities, and it was also a time when travel bookings grew. Investors in Dubai who are interested in starting a business in a non-oil business sector can open a company in one of the Free Zones with the help of our lawyers in Dubai.
Dubai was ranked fourth among the tip financial centres in the world in a recent top put together by consulting company Arcadis. The criteria for the evaluation was mainly based on the overall business climate in the cities – Dubai managing to score well in several sub-categories, proving that it remains a city that is attractive to foreign investors.
Residents in Dubai, as well as non-residents, have a new option to pass on property they own through an online will. This document will be drafted online, especially for real estate owned in Dubai and will easy the process of creating a will and handling the necessary procedures to pass on owned property. Our Dubai lawyers can help you draft any wills, including this new type of property will.
People from all around the world may get involved in personal injury cases in their residence country or abroad and they need to know how to act in such cases in order to be safe and to obtain certain compensations they are entitled to. Most common personal injuries appear after vehicle accidents, slip and fall, medical malpractice, dog bites etc.
Dubai received the first place among all of the Arab countries analyzed for the 2016 Global Innovation Index. The city managed to improve its position due to its efforts to sustain fields like information technology, communications, and infrastructure but also through a series of measures meant to improve the local market. The United Arab Emirates owes its success to its effort to promote innovation and foreign investments.
The real estate sector remains one of the most productive industries in Dubai, according to data released by the Dubai Land Department. The first six months of 2016 brought a significant increase in revenue to real estate developers in the Emirate, as transactions reached a total of 113 billion Dirhams. Our lawyers in Dubai can guide you through the property purchase procedure.
Most people think of Dubai as one of the most famous and luxurious cities in the world, where they would like to go for a vacation that will be spent on the beach, sightseeing or shopping. But this city is also an interesting wedding destination.
Because of the numerous business opportunities and also because of the business-friendly environment, foreign investors are continuously attracted to Dubai but still cautious about the unfamiliar legal system.
In the era of rapid change and evolution, Dubai is the perfect example for constantly emerging markets, aspect that is more than attractive to foreign investors.
The second quarter of 2016 brought a significant increase in the number of business licenses released by the Department of Economic Development (DED) in Dubai. According to the statistics issued by the Trade Register, over 100,000 business licenses were released by the end of June, 2016. Our lawyers in Dubai can help foreign investors apply for the relevant business permit.
Due to the sophisticated procedures of mergers and acquisitions, it's vital to have experienced and professional advice by your side when it comes to managing a buying/selling company. The mergers and acquisitions market in Dubai is one of the most important in the Middle East and local companies are interested developing their businesses abroad.