Real estate, Properties & Construction litigation

Overview on Real estate Market in UAE:

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

Nevertheless, the drop down in properties’ prices, still the real estate market is considered one of the safest sectors 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 it’s too late and legal disputes take place. Several precautionary actions can always prevent you from such unfortunate situations 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 including contracting and sub-contracting. Our team works in partnership with global, regional and local businesses that develop, contract, manage, trade, finance and invest in real estate.

Whatever your needs are, we at Noura Almaazmi are here to help you achieving your goals. We act for a variety of clients including developers, contracting, sub-contracting, entrepreneurs, high net worth individuals, celebrities, banks, investors, landlords and tenants across commercial & residential property transactions and litigation.

Our Services:

1. Real estate litigation & Arbitration:

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

Our competent team of lawyers is qualified and has a vast experience in the construction arena, representing clients in different jurisdictions including but not limited to; Dubai courts, DIAC and DIFC courts.

Our real estate litigation team has the market understanding to offer legal advices concerning all matters that reflect our clients’ business needs.

We have the capability and the experience to identify and execute 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.

2. Leasing & Rental Disputes:

In addition to property’s due diligence and real estate portfolio management from a legal perspective, our lawyers are experts in providing advices regarding leasing and rental disputes.

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.

3. Real Estate & Properties Acquisitions and Disposals:

If you found a property you would like to purchase, or to sell or lease out, it is essential for you to have a professional and experienced legal team by your side to ensure all requirements are met, starting from having proper due diligence conducted, ensuring legal documents are drafted or reviewed in compliance with the law and regulation to achieve the goal of investing and as a result 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.

4. SPA – Sale & Purchase Agreement drafting and reviewing:

A sale & purchase agreement (SPA) is a legal contract obligating a seller to sell and a buyer to buy a product or service. A sale & purchase agreement exists in all types of businesses, although 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, price and transferring the ownership of assets from a seller to a buyer.

Buying or selling any property is certainly not a simple process: there are many steps that both buyer and seller must take in considerations.

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

5. Property Due Diligence:

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

Normally, any property transaction starts from the moment of signing an MOU (memorandum of understanding) outlining the terms & conditions of the transaction until the moment of signing a SPA (sale and purchase agreement) to bring the transaction to closure.

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

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

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

6. 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 the sales & purchase agreement with master developer and verify project development documents involved in the transaction in association with local authorities.