Construction and Real Estate law builds upon general legal principles and methodologies and incorporates the regulatory framework (including RERA, security of payment, planning, environmental and building regulations); contract methodologies and selection (including traditional and alternative forms of contracting); subcontract issues; causes of action, and liability, arising in contract, negligence and on other grounds; insurance and performance security; dispute resolution and avoidance.
The experience in construction and real estate area encompasses but is not limited to the following:
• Explaining the relevant law and its provisions to the employer/contractor/developer. • Providing employer/contractor/developer with the understanding and proper usage of essential provisions required in a contract. Stressing the importance of a proper contract and assuring compliance with it. • Legal services for disputes related to time adherence, output, impact, costs, differing site conditions and default. • Drafting and negotiation of complex construction contracts and advising bank guarantee issues. • Ensuring implementation of all types of construction delivery systems. • Drafting, negotiation, and providing legal opinion on reservation contract and Sale Purchase Agreement. The Real Estate practice includes the following: • Purchase and sale of residential and commercial real property • Tenancy contracts • Long-term lease and management agreements • Construction contracts including FIDIC • Real Estate disputes • Issue between Landlord and Tenant • Representation before the Rent Committee
The Escrow Account shall be opened in the name of the project and the proceeds shall be used exclusively for the purposes of constructing the real estate project. The Developer's creditors are not allowed to attach the money deposited in the Guarantee Account. Article 9 Law 8 of 2007 Concerning Guarantee Accounts of Real Estate Developments in the Emirate of Dubai