New Rules to Utilize Federal Properties in the UAE

The United Arab Emirates (UAE) has recently introduced many real estate and finance laws. The Ministry of Finance has introduced Federal Decree-Law No. 35 concerning federal properties. The new law has been introduced to manage both properties, real estate assets, and non-real estate assets. It aims to better utilize federal properties such as railways, bridges, and roads to ensure sustainable growth. Moreover, the digitization of federal properties has allowed the conversion of public properties into private properties without any hassle. However, the Ministry oversees management with the relevant authorities.

What is the New Law About?

The Decree Law has been introduced to manage the federal government's financial resources domestically and internationally. However, it aims to govern federal assets efficiently to ensure global practices for sustainable growth. A state-of-the-art platform will be created where all properties will be registered, whether they are public or private. Digitalization in real estate will safeguard and maintain transparency in property transfers and distributions. It will ensure the roles and responsibilities of the federal entities are aligned with those properties. New laws need legal counselling most of the times. Lawyers in Dubai is the great source for grabbing the details about the new federal laws in United Arab Emirates. 

Objectives of the New Law for UAE Properties

The UAE is a financial hub, and investors always look for investment opportunities. The new law allows foreigners and locals to invest in those properties and enjoy the revenue. However, the legislation also explains the registration process for federal properties and assets to ensure that asset management and utilization are clear. Additionally, the law has also introduced strategies to optimize the revenue on government assets by leasing those properties, as it will enhance financial sustainability, and the revenue generated can be reinvested in more national development projects. Real estate law firms can also be contacted. Dubai law firms do have a good reputation due to large real estate businesses in UAE.

Get Legal Experts to Help You with UAE Federal Properties

When planning to invest in the UAE, talking to a property lawyer is important. The legal assistance for experts will help you do all the paperwork and advise you better on investment opportunities. You will need a team of legal experts, but sometimes, it isn't easy to find that one team. Therefore, you should look for law firms in the UAE. They will have experienced legal consultants, and you will get all services under one roof. However, you have to choose a reputable law firm with qualified lawyers to explain federal properties in the UAE.

Will Legal Consultants Help Me with Real Estate Disputes?

A lawyer will help you understand the complicated laws of real estate. They will manage and register your properties as per the new laws for federal properties. Also, your disputes are resolved by these lawyers, whether they are international or local disputes.

Violation of Federal Properties Law

There are some actions that are prohibited under Federal Property law, and if there are any violations of the law, the government will impose restrictions. However, police and security are allowed to take legal action against unlawful activities in real estate management. Mechanisms for reporting and identifying unlawful activities are also being maintained to rectify the violation. Therefore, hiring a lawyer for federal property is advised, especially when you don't know the laws. It is better to put your money into hiring a legal expert than to get behind bars innocently.

Is the New Law Effective in the UAE?

It can be seen that the new federal property law will escalate the economic growth of the UAE and ensure transparency in property transfers and distribution, which will keep everyone aligned with their roles and responsibilities.



Location: Dubai - United Arab Emirates

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