The UAE construction market, which includes real estate, infrastructure, employs nearly a million workers (about 20% of workforce) contributing over 13.3% to the GDP. There is also a huge rising demand due to government initiatives and release of big orders ahead of Expo 2020 that could jolt the market. The sector is forecast to grow by 4% next year, compared to the 2016.
Clearly, the construction sector is a strategic market. However, with the large mix of expatriates, free-hold properties, non-free hold, new taxation laws, mainland and freezones, this sector touches upon various laws related to labour, finance, banking and facilities management. Having a strong legal partner who understands and helps clients navigate this is essential.
Al Gharib’s Construction practice has helped clients over the past 15 years on all matters pertaining to selling, purchasing, development, financing, construction, reconstruction, lease and management between developers of industrial, residential properties, warehouses, malls, hotels, factories, offices and tourism resorts.
We regularly discuss the real estate agreements with our local and international clients – be it sellers, buyers, lessors, developers, architects or contractors.
The services provided in the real estate field include:
- Sale and purchase of residential, mixed-use and commercial properties
- Constructional contracts
- Real estate financing
- Disputes related to real estate investment
- Landlord/tenancy contracts, disputes from cheques bouncing to safety hazards
- Facilities management issues
- Sale and purchase of residential and commercial properties
- Lease (short term & long term) agreements
- Investing into hospitality projects such as hotels and tourism resorts
- Settlement of disputes by litigation, arbitration or mediation
- Representation of clients related to sale and purchase, constructional contracts