Taking your project to market - .PDF file.
Recent articles by the Al Tamimi property team have explored the regulatory requirements for registering as a developer in the United Arab Emirates and the Middle East region.
Once registration requirements have been satisfied, the next concern for developers is taking the project to market. On the back of an apparently recovering property market, many developers in Dubai are forging ahead with the marketing and sale of their new projects. Others are looking to revive and re-launch existing or stalled projects. In this article, Al Tamimi considers the legal requirements and documents required to take a project to market in Dubai and highlights some of the potential issues arising.
In this article, we consider the legal requirements and documents required to take a project to market in Dubai and highlight some of the potential issues arising. These requirements and issues will be discussed under the following headings:
- Requirements and issues regarding Sale and Purchase Agreements (“SPAs”);
- Developer’s disclosure obligations;
- Jointly Owned Property considerations; and
- Additional matters for off plan sales.
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