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  • 06 Feb 2019Dubai - Oman

    In November of last year, Oman Sultani Decree No 30/2018 relating to the Escrow Accounts for Real Estate Development Projects (the Escrow Law) was promulgated in a move to regulate real estate developers and to protect funds paid to developers by purchasers of off-plan properties. Until this new law was issued, real estate developers operating in the Sultanate were largely unregulated. The Escrow Law is essentially based on the equivalent legislation in Dubai, which has been in place for 10 years [Dubai Law No 8/2007].

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  • 23 Jan 2019Lebanon

    The lease contract is the most commonly used contract in society. This contract plays a key role in economic and social life. In Lebanon, with the emergence of the Lebanese Code of Obligations and Contracts in 1932, the Lebanese legislator regulated the provisions of the lease leaving both parties to the contract with absolute freedom to compose the contract.

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  • 18 Dec 2018Bahrain

    Following the new RERA Law(Bahrain Law No 27/2017 Concerning the Promulgation of the Real Estate Sector Regulation Law), the Bahraini real estate market has become subjected to additional guidelines that are changing the sector as a whole. This includes regulating escrow accounts of development projects, which came in the form of Bahrain Decision No 3/2018 in relation to Escrow Accounts of Off-Plan Sale Projects (Escrow Account Resolution), which was issued by the Real Estate Regulatory Authority (RERA) and Bahrain Decision No 19/2018 on Regulating the Activity of the Escrow Account Agent of Real Estate Development Projects (Escrow Agent Resolution), which was issued by Central Bank of Bahrain (CBB).

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  • 18 Dec 2018Bahrain

    Bahrain Decision No 7/2018 on Regulating Owners Associations and Joint Properties (Decision or Decision No. 7) came into force on 26 September 2018. This law has been eagerly anticipated following the new changes in the real estate sector resulting from the newly setup Real Estate Regulatory Authority (RERA) and the issuance of Bahrain Law No 27/2017 Concerning the Promulgation of the Real Estate Sector Regulation Law (the RERA Law) as it significantly details the operation of owners association and joint properties.

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  • 18 Dec 2018Bahrain

    Since its establishment under Bahrain Law No 27/2017 Concerning the Promulgation of the Real Estate Sector Regulation Law (the RERA Law), the Real Estate Regulatory Authority (RERA), along with other governmental entities, including but not limited to the Survey and Land Registration Bureau (SLRB), have issued numerous laws and decisions concerning regulating the real estate market in the Kingdom of Bahrain. These decisions have detailed the different obligations, rights and responsibilities imposed on the various stakeholders involved in real estate development projects, as well as specifying the different registers that will be available to the public.

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