BSA Ahmad Bin Hezeem & Associates

Joint Property Development Agreements

Joint Property Development Agreements

November, 2018
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Real property development in the UAE is often undertaken on a joint venture basis. The reasons for this are similar to those in other jurisdictions and include sharing risk, specific development expertise, ownership restrictions on the property and the increase in public private partnership. However, it is vital the Joint Development Agreement (JDA) between the development partners is transaction specific and in line with the applicable law of the jurisdiction in which it is to be carried out. Robert Mitchley, Associate with the Corporate, M&A and Real Estate practices, navigates property owner’s obligations, developer’s obligations, project funding, budget completion and termination under the Joint Development Agreement. For the full article, click here.

 

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