BSA Ahmad Bin Hezeem & Associates

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Mortgage Basics when Building a home

November, 2016
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A Rundown of the most important things to know about home financing in the UAE
With property prices easing and an abundance of new properties available, more people are choosing to purchase property either as an investment or to reside in. It is true that it is often […]

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Measuring the Damage

November, 2016
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A Tenant’s legal remedy when an apartment goes up in smoke
After the recent spate of fires in Dubai, questions arose regarding tenant rights when an apartment suffers damage. It is difficult times when tenants have to find alternate accommodation after a fire, while advance rent has […]

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New UAE Funds Regulation and its Effect on Insurers

New UAE Funds Regulation and its Effect on Insurers

In June 2016, the UAE Securities and Commodities Authority (the “Authority”) issued Authority Chairman Resolution No. (9/R.M) of 2016 Concerning the Regulation of Mutual Funds (the “Regulation”), which will become effective upon publication in the Official Gazette […]

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New measures seek to address fire safety risks at Dubai’s tall towers

On Wednesday, 20 July 2016 saw the Sulafa Tower in the Dubai Marina, a 78-storey high-rise residential building, suffer extensive fire damage as a result of the spread of a fire on the exterior of the building.

This building is recorded as having 702 apartments with […]

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B-2-B Dispute Resolution

For some while, the Dubai Department of Economic Development (DED) has had a Commercial Control and Consumer Protection Department (CCCPD), dealing with consumer disputes. However, it has recently set up a new sub-department, called the Business Protection Department (BPD) which will function as a local commercial dispute […]

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Implementation of the Value Added Tax in the United Arab Emirates

Introduction
In February 2016, the Ministry of Finance announced the introduction of Value Added Tax (“VAT”) in the UAE, and has ended a long period of speculation and discussion of “when” and “if” VAT would be introduced.

According to the announcement, the UAE will impose VAT at a […]

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