Real Estate, Properties and Construction Cases

Overview on Real estate Market in UAE:

The real estate market is one of the most growing sectors in UAE, Dubai & Abu Dhabi in particular.

Nevertheless, the drop down in properties’ prices, still the real estate market is the safest sector to invest in.

In today’s economy, understanding the regulations of property transactions and conducting proper due diligence is a MUST to secure safe investment in real estate sector.

Most investors in real estate market must have the right lawyer by their side to make sure they have full understanding of their rights, obligations and as a result taking the right decisions. Unfortunately, many come to this conclusion once disputes occur and that is when problems start. Many precautionary actions can always prevent you from unfortunate situation that might cause putting your investment at risk.

It is time to act, save your investments and claim your rights.

Why choosing Noura Almaazmi Advocates & legal consultancy?

Our competent team is qualified to support in all real estate matters. Our team works in partnership with global, regional and local businesses that develop, manage, trade, finance and invest in real estate: we’ll serve you for assessing an effective real estate strategy integrated with business operations.

Whatever your needs, we are here to help you achieve your goals. We act for a variety of clients including developers, entrepreneurs, high net worth individuals, celebrities, banks, investors, landlords and tenants across commercial property transactions.

Our Services:

1. Real Estate & Properties Acquisitions and Disposals:

If you found a property you would like to purchase, or to sell or lease out your property, it’s essential for you to have a professional and experienced legal team with you to ensure all requirements are met, having proper due diligence done, ensuring legal documents are drafted or reviewed in compliance with the law and the goal of your investment to reserve your investment best interests.

Our bilingual Real Estate Team experienced in handling all stages and types of real estate transactions including residential, commercial, mix-use, off-plan and secondary market – resale.

2. SPA – Sales & Purchase Agreement drafting and review:

A sales purchase agreement (SPA) is a legal contract obligating a seller to sell and a buyer to buy a product or service. A sales purchase agreement exists in all types of businesses, though they are most commonly used in real estate deals: the agreement describes the reason for the sale, establishes guidelines for the sale, such as payment and price, and transferring the ownership of the assets from the seller to the buyer.

Buying or selling any property is certainly not a simple process: there are many steps that both buyer and seller must take, and many considerations that need to be discussed. Each party has many legal options when drafting the final real estate agreement.

Our qualified team will help you to make sure that you have the right contract and documentations in hand to secure your property transaction.

3. Property Due Diligence:

A Property transaction (Sale or Purchase) involves several stages prior to finalization the transaction between sellers and purchasers.

Normally, there will be a period of time from the moment of signing of an MOU (memorandum of understanding) outlining the terms & conditions of the transaction until the moment of signing the SPA (sale and purchase agreement) to bring the transaction to closure.

Within this period, our competent team will ensure all information exchanged are verified and checked prior executing the transaction.

As a crucial step, our team will ensure that the developer or project is registered at the land department or the concerned authority with an escrow account in place if the transaction involves an off-plan property.

We will make sure that the property is free from all kinds of undisclosed issues and burdens.

4. Land Acquisition and Development:

Land acquisition is the process of buying a piece of land as an alternative investment or as a starting point for a self-build project to develop.

In both cases, our real estate team will conduct due diligence; review purchase agreement with master developers, review and follow up with development documents involved in transactions and in association with local authorities.

5. Drafting and reviewing FIDIC- based construction and real estate agreements:

FIDIC is one of the most used contract forms in construction and engineering industry.

Our competent team of lawyers is qualified and has a rich experience in construction arena, and experts in drafting tailored FIDIC-based construction agreements considering the best interests of your business.

6. Real estate litigation & Arbitration:

Our real estate litigation team has the market understanding to offer legal advice about all issues that reflect our clients’ business needs.

Our team has the capability and the experience to identify and execute the most advantageous business-oriented solutions, either by pursuing or defending litigation or arbitration proceedings or through other alternative dispute resolution methods, such as mediation or negotiations.

7. Leasing & Rental Disputes:

Next to the main assistance for property due diligence and real estate portfolio management, our lawyers cab advice also for the ancillary services of leasing and rental disputes, assisting through alternative dispute resolution.

Our team has a vast experience handling hundreds of cases in RDC – Rental Dispute Centre – understanding all the aspects of renting & leasing laws and regulations.