Real Estate Investment in Dubai: An Uncharted Legal Landscape

Seizing New Opportunities and Mitigating Risks in a Complex Regulatory Environment

Recording of a 90-minute CLE teleconference with Q&A


Conducted on Wednesday, July 23, 2008
Recorded event now available


Description

The real estate market in Dubai is booming beyond belief, with some investors receiving 30% returns on their investments each year. Recent Dubai regulatory reforms allow foreign investment though investments are subject to multiple, complex and ambiguous laws and regulations and licensing restrictions.

How can legal counsel best advise companies and clients on ways to take advantage of the investment opportunities in Dubai presents while minimizing the legal and business risks, both here and abroad?

Listen as our panel of attorneys explains the current cultural and regulatory environment for real estate investment in Dubai, the legal risks of investing in Dubai real estate, and best practices for mitigating those risks.

Outline

  1. Overview — Dubai as an emerging real estate market
  2. Laws governing foreign real estate investment in Dubai
    1. Land Registration Law of the Emirate of Dubai (No. 7/2006)
    2. New escrow law issued June 2007/Strata Law
    3. Dubai International Financial Center (DIFC) Real Property Law
    4. Model ethics laws for real estate professionals
    5. Regulating the new planned communities
  3. Best practices for mitigating investment risk
    1. Registration of property interest
      1. Tax considerations
      2. Stamp duty
    2. Overcoming licensing restrictions
    3. Due diligence
    4. Proper investment documentation

Benefits

The panel reviewed these and other key questions: 

  • What are the current trends driving real estate development in Dubai?
  • What are the key Dubai laws and regulations, including those governing free zones, that every American business must know before venturing into Dubai real estate development?
  • What are the critical legal, business and tax risks of investing in real estate in Dubai?
  • What are some best practices for mitigating the legal risks of investing in Dubai real estate?

Faculty

Shahram Safai, Partner
Afridi & Angell, Dubai, United Arab Emirates

He practices in the areas of real estate, construction, corporate and commercial and banking and financial services law. He is a columnist for Dubai's Property Weekly, a local industry magazine.

Natasha Bowcott,
Bin Shabib & Associates, Dubai, United Arab Emirates

She specializes in real estate and commercial transactions and previously gained experience as a Commercial Property Solicitor in England.

Elias R. Chedid, Counsel
King & Spalding, Dubai, United Arab Emirates

He handles a broad range of corporate and real estate matters. He represents real estate funds, investors and developers with regard to office, residential, hotel and mixed-use properties.

Ordering

Online CLE - Audio Recording

Includes audio streaming of full program plus handouts (available 24 hours after live seminar).

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Recorded Event

Includes full event recording plus handouts (available after live seminar).

CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, HI, MO, MT, NY, TX*, VT, WA, WV. Upon request, self-study credit is also available in: CO, FL, GA, ID, KY, ME, ND, NE, NH, NM, NV, OR, UT, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com. (*Indicates that Strafford needs to process the CLE — see below to purchase this option.)

MP3 Download (Audio Only) $49.00
Available 24 hours after the live event

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CD $49.00 plus $9.45 S&H
Available ten business days after the live event

Program Materials

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Program Materials

Requires Adobe Reader 8 or later. Download Acrobat FREE.

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Customer Reviews

Length was ideal and the topic was timely. Excellent!

Jeanette Henderson

University of Washington

The program covered a fair amount of material in a short time period.

Dawn Sharff

Bradley Arant Boult Cummings LLP

I appreciated that there was a great deal of current case law on the subject and the speakers were concise and informative.

Thomas G. Mancuso

Haskell Slaughter

Very good current, practical and applicable discussion and information provided.

Matthew Moore

Clawson & Staubes, LLC

The presentation was not too long, but included a great deal of information. The speakers kept to their times and provided an opportunity for questions at the end.

Amy E. McShane

Phillips Lytle LLP

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Real Estate Law Advisory Board

David A. Barksdale

Partner

Alston & Bird

Jacob Bart

Partner

Stroock & Stroock & Lavan

Brian W. Blaesser

Partner

Robinson & Cole

Ronald B. Grais

Of Counsel

Jenner & Block

Ren R. Hayhurst

Partner

Bryan Cave

Thomas C. Homburger

Of Counsel

K&L Gates

Susan C. Tarnower

Counsel

Kilpatrick Townsend & Stockton

Clark T. Thiel

Partner

Jones Day

or call 1-800-926-7926

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