Dubai Chamber workshop focuses on legal aspects of real estate

Dubai – MENA Herald: Continuing its efforts to promote awareness of the legal aspects of doing business in Dubai with particular emphasis on property ownership for GCC nationals and foreigners, the Dubai Chamber of Commerce and Industry in association with BSA Ahmed Bin Hazeem & Associates LLP, organised, “Key Legal Aspects of Real Estate” workshop at the Chamber premises on Tuesday.

The workshop, which was attended by Dubai Chamber members, business representatives, lawyers and legal consultants, investors, real estate developers, brokers and contract administrators, dealt with the key legal aspects of real estate which is a fast-growing sector in the emirate while discussing topics of understanding the types of property ownership, implications of purchasing property in the UAE and of signing a sale and purchase agreement.

Conducted by John Peacock, Senior Associate, Commercial, Corporate and M&A, and Real Estate, BSA Ahmad Bin Hezeem & Associates LLP, the workshop highlighted the legal issues surrounding real estate ownership and transfer as well as structuring real estate ownership in the UAE.

Jehad Kazim, Director, Legal Services, Dubai Chamber, informed that in today’s regulated real estate market where changes occur at a high pace and new laws are continuously being introduced, it is the duty of property buyers and sellers to know their rights and be informed and seek the right advice.

She further added that in the real estate market it is essential for investors to know and understand the mechanisms available for investment by utilising the best options available to secure their investment without incurring unnecessary legal complications.

Kazim also said that the workshop provided practical tips and discussed the legal issues related to real estate property ownership as well as sale and purchase agreements to all parties involved in order to avoid pitfalls and also to know about the duties and obligations of buyers and sellers.

Dr. Ahmad Bin Hezeem, Senior Partner, BSA Ahmad Bin Hezeem & Associates LLP, said: ‘‘We are delighted to continue our cooperation with Dubai Chamber. The interactive real estate workshop delivered by our Head of Real Estate John Peacock was fruitful as it addressed an important topic; the real estate ownership, an area that is continuously evolving globally and at national level, and it is a key practice area for us. We look forward to a continued mutual partnership with the Dubai Chamber for the sake of 2020 Dubai vision.’’

Dubai Chamber regularly organises trainings, seminars and workshops to apprise the business community with the various trade legislations, laws and rights as part of its efforts to serve the business community which ultimately go on to boost their trade and contribute to the economic growth of Dubai.