Arbitrators Dealing with Real Estate Property Disputes - Is It A Matter of Public Policy?

Analysis

A detailed analysis showing the arguments against setting aside arbitral awards in the UAE based on Public Policy

The UAE is a young and dynamic country and its real estate market is developing at an incredible speed.  It has a distinct identity as a regional hub for trade and investment which is attractive to foreign investors; however, in recent years there has been a number of court decisions concerning the sale of property which have reached unusual conclusions. This article will discuss how the rules of public policy are being interpreted by the courts to set aside property related arbitral awards.