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Hope for Those Dealing with Unfinished and Cancelled Real Estate Projects in Dubai

Most notably, Decree No. (33) of 2020 changes the name of the special committee to the Special Tribunal for Liquidation of Cancelled Real Property Projects. The Decree prohibits all courts in Dubai to deal with any issues arising from or related to unfinished or cancelled real estate projects as this will now be dealt exclusively […]

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UAE Businesses Should File Economic Substance Report by December 31, 2020

After notifying the regulatory authorities’ demonstrable relevant activities in the UAE, businesses in the mainland, offshore and free zone companies are now required to file an Economic Substance Report (ESR) by December 31, 2020 as part of the Economic Substance Regulation. The introduction of ESR is a result of the work conducted by the Organization

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RTA Entitles Car Rental Companies to Add “Digital Platforms and Smart Apps” Activity

The step aims at empowering the car rental companies to expand the scope of their services in line with Dubai Government’s drive to make Dubai the smartest and happiest city in the world. The addition of this activity applies to entities licensed by the RTA to offer car-rental services in Dubai. It will allow them

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Legal Protection and Legislative Solutions for Businesses Distressed Due to COVID-19

Dubai Economic Department (DED) hosted a dialogue under the name and theme ‘Protecting the rights of distressed businesses during COVID-19 under the new bankruptcy law.’ It was hosted by Khalid Mubasheri, CEO of the Governance & Legislation sector in Dubai Economy. Mubasheri stressed that the bankruptcy law was initially issued to protect companies under natural

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Dubai REST: The One-Stop-App for your Real Estate Transactions

Dubai REST (Dubai Real Estate Self Transaction) is a complete digital platform to manage end real estate activities by owners, tenants and other service providers. Dubai REST targeted to completely go paperless, fulfill real estate transactions completely on-line without any visit to any government offices. It will be a one-stop-mobile application for more than 300,000

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COVID-19: UAE Residency Visas Extension Until Dec 2020 Cancelled

The UAE Cabinet approved the cancellation of the decision extending residency visas and Emirates IDs until Dec 2020 for expatriates whose visas and IDs expired after 1st March 2020. The resolution will come into effect from July 11th, 2020. Also, the UAE Federal Authority for Identity and Citizenship (FAIC) shall start collecting regular fees and

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