Dubai

Dubai (/dˈb/ doo-BY; Arabic: دبي Dubayy, Gulf pronunciation: [dʊˈbɑj]) is the most populous city in the United Arab Emirates (UAE). It is located on the southeast coast of the Persian Gulf and is one of the seven emirates that make up the country. Abu Dhabi and Dubai are the only two emirates to have veto power over critical matters of national importance in the country's legislature. The city of Dubai is located on the emirate's northern coastline and heads up the Dubai-Sharjah-Ajman metropolitan area. Dubai is to host World Expo 2020.

Dubai has emerged as a global city and business hub of the Middle East. It is also a major transport hub for passengers and cargo. By the 1960s Dubai's economy was based on revenues from trade and, to a smaller extent, oil exploration concessions, but oil was not discovered until 1966. Oil revenue first started to flow in 1969. Dubai's oil revenue helped accelerate the early development of the city, but its reserves are limited and production levels are low: today, less than 5% of the emirate's revenue comes from oil. The emirate's Western-style model of business drives its economy with the main revenues now coming from tourism, aviation, real estate, and financial services. Dubai has recently attracted world attention through many innovative large construction projects and sports events. The city has become iconic for its skyscrapers and high-rise buildings, in particular the world's tallest building, the Burj Khalifa. Dubai has been criticised for human rights violations concerning the city's largely South Asian workforce. Dubai's property market experienced a major deterioration in 2008–09 following the financial crisis of 2007–08, but the emirate's economy has made a return to growth, with a projected 2015 budget surplus.

Latest News for: Dubai legal

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Union Properties mulls $108m offer for Dubai Autodrome stake

Arabian Business 25 Sep 2020
Last month, Union Properties announced plans to list three of its subsidiary companies on the Dubai Financial Market (DFM). It is looking to convert the legal form of facilities management company ServeU, interior fitout company FitOut, and the Dubai Autodrome, motorsports and entertainment facility, into private joint stock companies....
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Make My Firm: Turning your vision into reality

Gulf News 24 Sep 2020
The brand’s scope of work involves understanding client requirements for business set up in Dubai; analysing the correct legal business activity as per the business module; providing a cost-effective and easy solution with technical and commercial details for business set-up; ......
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How to purchase an alcohol licence in Dubai

The National 24 Sep 2020
In Dubai, however, such a permit is still required. While other countries allow adults to buy alcohol in supermarkets and smaller stores, that is not the case in Dubai ... On the plus side, the rules around obtaining a licence in Dubai are relatively straightforward ... Dubai to offer tourists temporary alcohol licences to close legal loophole....
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Homefront: ‘Can I end my tenancy contract early due to poor property maintenance?’

The National 24 Sep 2020
I have a query on the early termination of my tenancy contract in Dubai due to maintenance issues with the property ... There are many more issues as well ... Read More ... JKR, Dubai ... He has worked in the property sector for more than 35 years in London and Dubai. The opinions expressed do not constitute legal advice and are provided for information only....
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IPL 2020 betting – Police formulates new strategy for curbing menace

DNA India 24 Sep 2020
“Recommendation of legalizing betting involves the enactment of a law that may be examined by the Law Commission and the Government for such action that it deems fit” ... From dropping KL Rahul's catch twice to scoring just a run - Virat Kohli's nightmare in Dubai....
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Sukuk market to lag 2019 performance on lower corporate issuance

The National 23 Sep 2020
Dubai outlines plans to unify legal framework for Islamic finance. Dubai’s Islamic economy targeted to make up 10% of GDP by 2021 ... In June, the Islamic Development Bank listed its $1.5bn sukuk on Nasdaq Dubai, and a month later ports operator DP World listed an instrument of the same size, indicating the potential for further growth of the sector....
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Abu Dhabi to end alcohol licence system for residents

The National 22 Sep 2020
Abu Dhabi residents will no longer need an alcohol licence to buy and drink legally, the authorities have said ... Alcohol licence holders in Dubai must update cards by August 31. How to get an alcohol licence in Dubai. Dubai to offer tourists temporary alcohol licences to close legal loophole ... The new decision removes any grey area over the legalities....
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What is Dubai's new family business law and why has it been introduced?

The National 22 Sep 2020
Last month, the Dubai government passed a new family business law ... Therefore, when it comes to family business, the ‘fuzzy’ nature of the family element is often disregarded or perceived as an area that is not regulatable from a legal standpoint ... Dubai issues a new law to regulate family-owned businesses in the emirate....
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Fincen Files — By suitcase and by wire: How Reza Zarrab smuggled Russia’s money

Indian Express 21 Sep 2020
Under a new name and managed by Zarrab’s uncle and cousin, Bella Investments was still actively registered in Dubai, 2.5 years after Zarrab’s guilty plea in U.S ... “In order to take the monies earned abroad through unknown legal/illegal sources into Russia, they may be brought into our country from Dubai.”....
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The billion dollar a month money trail

The Irish Times 20 Sep 2020
I understand they did pay money on behalf of Senat Legal.”. Senat Legal, based in Dubai, was one of the parties that IBRC alleged were involved in the scheme to frustrate its efforts to seize the international property portfolio ... Smit died a month later, in Dubai, of a suspected heart attack....
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The FinCEN files: The billion dollar a month money trail

The Irish Times 20 Sep 2020
I understand they did pay money on behalf of Senat Legal.”. Senat Legal, based in Dubai, was one of the parties that IBRC alleged were involved in the scheme to frustrate its efforts to seize the international property portfolio ... Smit died a month later, in Dubai, of a suspected heart attack....
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Deals of the Week: Free legal advice offered by DIFC Courts

The National 18 Sep 2020
Companies with legal concerns can have their woes solved for free thanks to a new initiative from the Dubai International Financial Centre (DIFC) Courts ... The Dubai Government overhauled the commercial legal system in the emirate in October, allowing any company to take a dispute ......
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Homefront: 'Can I cancel an off-plan purchase and recover my money if the delivery is late?'

The National 17 Sep 2020
I agreed to purchase an off-plan apartment in Dubai from a developer in April 2017 ... In addition, the developer pushed me to register the property with the Dubai Land Department in April 2018, which I paid the full amount for ... He has worked in the property sector for 35 years in London and Dubai....

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