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Impact of the new DIFC Wills and Probate Registry on Expats
On May 4, 2015, the Dubai International Financial Centre (“DIFC”) launched the DIFC Wills and Probate Registry (“Registry”). Following this Registry, DIFC became the first and only, at this time, jurisdiction in the MENA region where non-Muslim foreign nationals with assets in the Emirate of Dubai are able to register their wills under common law principles, whereby a testator…
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DIFC Offers Single Family Offices to Family Owned Businesses
The concept of family offices has proven successful in the global family owned business environment. In the UAE, as per the regulations of Dubai International Financial Centre (DIFC), family businesses have been encouraged to establish Single Family Offices (SFOs) at DIFC. What Is A Single Family Office? A single-family office is an organizational structure that…
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RERA Law – Rent-Landlord-Tenant
The Rent Article 9 – Amended; Law 33 of 2008 The Landlord and Tenant must specify the Rent in the Tenancy Contract. Should the parties omit or fail to specify the agreed Rent, the Rent must be the same as that of similar Real Property. The Tribunal will determine the Rent of similar Real Property…
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RERA Law
Disclaimer: The following text comes from the Dubai Land Department’s RERA Law. Tenancy Contract Article 4 – Amended; Law 33 of 2008 The contractual relationship between Landlord and Tenant will be regulated by a Tenancy Contract detailing, in a manner allowing no room for uncertainty, a description of the leased Real Property, the purpose of the…
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