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On 15 June 2015, the Abu Dhabi Global Market (Global Market), Abu Dhabi’s financial free zone, published the following six new regulations concerning the regulation of non-financial services in the Global Market:

– Application of English Law Regulations;

– Companies Regulations;

– Operating Regulations;

– Insolvency Regulations;

– Employment Regulations; and

– Real Property Regulations.

As expected from the draft regulations issued by the Global Market earlier this year, the Global Market’s final approach in the regulations follows very closely…

Mall financingThe continuing strong economic conditions of the UAE and other GCC economies has led to an upsurge in consumer spending in recent years. With retail sales in the region expected to reach US$284.5 billion by 2018, the need to meet the growing demand for consumer goods has led to a boom in planned shopping mall developments in the Middle East.

Dubai might be the world’s most visited retail destination thanks to The Dubai Mall, which attracted nearly…

The strengthening global recovery appears to have brought renewed confidence to the UAE’s capital markets. As such, a number of interesting themes have begun to emerge:

Resurgence in Dubai’s Real Estate Sector:  Following a four year gap, IPOs and other equity offerings have returned in the form of DAMAC, Al Noor Hospitals, Arabtec, NMC Healthcare and Bank of London and the Middle East.  This resurgence can be attributed to the optimism surrounding Dubai’s Expo 2020 bid,…

With investment pouring into the education sector, academic institutions have never been in a stronger position to capitalise on costly real estate assets to fuel future expansion.  Research suggests the public and private education market in MENA is projected to be worth US$96 billion by 2015, with the GCC region claiming US$61 billion of that predicted value. (Al Masah Capital Report)

The sale and leaseback model is enabling educational institutions to unlock capital.

In the most straightforward form,…

GCC-based family businesses are increasingly looking towards the US commercial real estate market for potential investments. Latham & Watkins recently hosted a seminar in our Abu Dhabi, Dubai, Doha and Riyadh offices to discuss how GCC investors typically structure US commercial real estate investments and what US tax considerations businesses should keep in mind. A panel of four-US based real estate specialists (Richard Kleinman, Associate Director, LaSalle Investment Management, and Latham partners Michelle Kelban, Nathaniel Marrs and Alan Van…