The ‘Real Estate Lawyer’ Initiative - Dubai

The Dubai Land Department (“DLD”) has announced the launch of a new initiative known as the 'Real Estate Lawyer', in partnership with Al Tamimi & Company.

The initiative has been created to facilitate growth in the real estate market by providing greater support for real estate investors (and other stakeholders, including lenders), and encouraging further foreign investor participation in Dubai. It is designed to increase transparency, facilitate access to key information with certainty, streamline real estate transaction processes, and reduce transaction time.

Al Tamimi is proud to be the first, and presently the only law firm, certified by the DLD to provide such services to its clients. These services are available to clients of the firm, whether in their capability as a developer, seller, buyer, investor or lender and include:

Legal Due Diligence: Al Tamimi is able to remotely conduct an enquiry / search of the DLD Real Estate Register and Interim Register to access the information contained thereon in respect of a property in order to identify the status of the property, nature of title, the existence of encumbrances registered including mortgage or attachment order, together with the identity of the owner.

Corporate Ownership Certification: Al Tamimi is authorised to certify the ownership structure and authorised signatories for companies that own or wish to purchase real estate in Dubai. This avoids the need for the shareholding structures and ownership details to be produced directly to DLD for verification, as Al Tamimi is able to do undertake such verification and certification directly on the DLD’s behalf.

Escrow Services: The DLD will maintain and manage escrow accounts. However, Al Tamimi is authorised by the DLD to liaise with and monitor deposit and release of funds into and out of the escrow account.

The above new offering provides our clients with more comprehensive reports, greater certainty and transparency when making an informed investment decision, a fast-track service and ultimately a reduction in costs.

Mohammed Kawasmi, Partner – Real Estate, explains our new service offering in more detail in the below Arabic and English videos:

Arabic version                       

English version                   

Our flyer explaining the new service offering in full can also be viewed here.

Disclaimer
The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of content received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.
Top