1. Who can buy freehold real estate? Pursuant to Law No. 7 of 2006 concerning real property Registration in Dubai and Regulation No. 3 of 2006 specifying areas where non-locals can own property in Dubai, foreign persons may be granted the following rights on properties situated in designated freehold areas in Dubai: • The right […]
M/HQ, with the support of Re/Think, is delighted to announce that it will be hosting two consecutive UAE Wealth Management Forums in Zürich (02.10.2017) and Geneva (03.10.2017). The ever-evolving international environment is dramatically impacting International Financial Centres (IFCs). Where does the United Arab Emirates (UAE) stand in a global context? Over the past years, the […]
A hacker transferred Dh1.8 million from a bank account of an American man in the United States to a financial services company in Dubai to invest the money in stocks markets, a Dubai court heard on Tuesday. The unknown hacker managed to get access to the bank account from Seattle in March 2013 and transferred […]
Major benefits of incorporating inside a free trade zone, as opposed to on the UAE’s mainland. However, in brief the companies are entitled to 50 years of zero corporate tax while still being entitled to repatriate the entirety of their profits to a destination of their choice. They also needn’t take a local partner, who […]
An unrivaled global cyber-attack is poised to continue claiming victims as people return to work and turn on their desktop computers, even as hospitals and other facilities gained the upper hand against the first wave. More than 200,000 computers in at least 150 countries have so far been infected, according to Europol, the European Union’s […]
Asia Pacific is an economic region that cannot be ignored by businesses with an international outlook. By all measurements, the Asian market is already huge and growing in wealth, size […]
Read moreA Dubai developer has been ordered to pay three men Dh84m after they failed to deliver villas the men had purchased from a housing project near Dubai Land. The three Asian investors told Dubai Real Estate Court that in 2007 they made an agreement with the developer to purchase 14 villas at a total cost […]
A man kidnapped his daughter and brought her to Dubai after losing custody of the 5-year-old to his ex-wife in their home country, the Personal Status Court was told. “My client and her husband separated in their home country and their local court granted her custody of their daughter, but because she believed that their […]
Whether it’s at a mall or a hotel, at some point, most drivers in the UAE will have handed over their keys to get their automotive pride and joy valet parked. The majority of us do so without thinking, but what happens if things go wrong? And what are your rights? We asked Hassan Elhais, […]
Question: I bought real estate units but the developer has not built them and did not deliver under the terms and conditions of the contract. I am planning to file a case as the jurisdiction clause in my contract says I can lodge a dispute in any arbitration centre. I heard that the arbitration process […]
Question: I have a small company that delivers goods to clients. I signed a contract with another company but they breached the terms of the contract. When I filed a case in court the other company objected, as there is an arbitration clause in the contract and so they requested that the court does not […]
Question: My brother is a foreigner who has been arrested in the UAE for carrying a significant amount of marijuana into the country. What should I anticipate as punishment for his offence? Answer: Marijuana possession is illegal under UAE Law No 14 of 1995 and its amendments. The Anti-Narcotic Psychotropic Substances Law states that it […]
