United Arab Emirates: Charges, Mortgages, Indemnities

Buying property in Dubai is a major financial and legal decision. This analysis explains the essential legal checks buyers should complete before signing, including mortgage pre-approval...

The Abu Dhabi Court of Cassation has issued a precedent-setting judgment that fundamentally alters the enforcement landscape for state-granted land in the UAE. In a decision that overturned two lower court rulings, the highest court confirmed that vacant land granted by the government to UAE nationals can be subject to forced judicial sale to satisfy creditor claims.

In a landmark decision, the Dubai Court of First Instance limited the scope of a land mortgage after finding that the financing bank had failed to channel the full loan proceeds...

Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, banks in Dubai are now offering a comprehensive relief package to help customers ease financial burdens.

The United Arab Emirates (UAE) property market has experienced quite a few major developments within the past decade, with a host of new laws, initiatives, and real estate projects being announced.

Falling behind on mortgage, loan, or credit card payments can have serious repercussions such as penalty charges, damage to one's credit score, and even loss of property.

NASDAQ Dubai recently announced a proposal ("Proposal") to implement wide-ranging changes to the Dubai International Financial Exchange Listing Rules, 2005 ("Listing Rules").

An assignment under UAE law is the transfer of certain obligations or rights from one party to another.

On 11 July 2010 share trading began on the new common platform in Dubai. All the equities listed on both the Dubai Financial Market ("DFM") and on NASDAQ Dubai can now be traded on this one platform.