Undoubtedly, the United Arab Emirates is one of the countries which remarkably rely on real estate development. Close monitoring of the real estate market in the United Arab Emirates specifically in the recent period reveals that there are grave and various problems in this field due to the economic crisis of 2009. Giant projects have been frozen and real estate developers have failed to carry out their obligations. On another sphere, some investors failed to fulfill their obligations towards real estate developers due to this crisis. Accordingly, the rental sector has been passing through disturbances as the rental value increased in some emirates and decreased in others.
Ali Obaid Alsharnsi Lawyers & Legal Consultants has been aware of these problems and managed to reach amicable solutions in many cases in order to realize the interests of its clients. It made settlements between developers and investors and amended and reviewed contracts so as to guarantee a satisfactory share of justice between their parties in order to avoid more losses to them, taking into consideration that they are a cornerstone in the national economy.
As a national legal firm, we work with individual investors, developers (including real estate developers, investors and financers), corporations, banks and real estate brokers.