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Sheikh Mohammed issues new law on expropriation of property for public use in Dubai

The law will ensure that the rights of owners of expropriated property are protected and they are afforded full and fair compensation as per a clear set of rules Sheikh Mohammed bin Rashid, Ruler of Dubai and Vice President and Prime Minister of the UAE, has issued a new law to regulate the procedures for expropriating property for public use in Dubai. Expropriation refers to a process of an authority taking over a property from an owner for public use or for social benefit. The new law aims to ensure that the rights of owners of expropriated property are protected and that they are afforded full and fair compensation according to a clear set of rules outlined by the new law, the Dubai media office said in a statement on Tuesday. “The new law regulates the terms and conditions under which buildings and facilities can be expropriated including those that are completed and under construction,” the statement said. “It also sets out the terms for providing compensation to the owners whose ...

Dubai Approves Budget of (AED 181bn) to be allocated to Construction Projects 2022 - 2024

  In his capacity as Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the Government of Dubai’s general budget for the fiscal cycle of 2022-2024, with a total expenditure of $49bn (AED181bn). The Ruler of Dubai also approved Law No. (28) for the General Budget for the fiscal Year 2022, allocating a $16.32bn (AED59.95bn) expenditure, a report by UAE’s state-run news agency   Wam   confirmed. The budget cycle will support Dubai’s efforts to stimulate the macroeconomy and the objectives of the Dubai Strategic Plan 2030. The new general budget reflects the emirate’s determination to accelerate post-pandemic economic recovery and achieve the leadership’s broader goals to stimulate entrepreneurship, enhance society’s happiness and consolidate Dubai’s position as a land of opportunities and innovation. The government has allocated an amount of $1.42bn (AED5.2bn) for construction projects, despite the comple...

Can a land lord increase my rent before my Contract renewal ?

  My landlord notified me about a  rent increase  via email on March 1, 2022. I currently pay annual rent of Dh132,000 and the landlord plans to increase this to Dh152,000 at the next renewal. However, my tenancy contract is up for renewal only on July 1, 2022. Therefore, this notification to increase my rent by 15 per cent is before the mandatory  90-day notice  stipulated for the landlord. In February, the owner also did a few  viewings for a potential sale . He has a potential buyer who is awaiting a bank evaluation of the property. The Real Estate Regulatory Agency told me that the rent increase is in line with the  Dubai rental index . However, the agency said it is too early to ask for a rent increase. How do I deal with this situation?   MB, Dubai Any changes to an existing rental contract have to be communicated to the concerned parties, giving at least 90 days’ notice from the date of renewal. With reference to the notice you received wit...

Legal Way How to Rent a Property in Dubai

  Full Process of Renting a Property in Dubai After finding a job, you still have to find a place to live. A place of your own. The UAE has everything from mansions to studios, depending on your lifestyle and budget. No area or community in the country is unsafe, so there is a wide variety of choices. So, let’s start. Are you looking for a villa or an apartment? What should you do? The first five things you need to consider are: Budget  –  To what extent would you like to allocate your household income to rent? Transport  –  Do you plan to drive or use public transportation to get from one place to another? Facilities  –  Would you like a gym and pool on the premises? Community  –  Which neighborhood are you looking for? Is it more suited to families or singles? Amenities  –  How important is easy physical access to supermarkets and eateries to you? Rank them according to your priorities. That will help you decide. Step 1 Several pr...