Real Estate
The commercial sector is dynamic and diverse, involving a wide range of economic activities and transactions governed by legal frameworks aimed at promoting fair competition, protecting consumer rights, and facilitating commerce both domestically and internationally.
We at NYK Law firm are well-equipped to guide you through every step of the process starting from drafting agreements to navigating you through litigation. We have a strong client relationship based on trust, open communication, and personalised attention and we are committed to tailoring our services to meet your specific needs.
Our service under the Commercial sector encompasses various aspects of commercial activities, transactions, and relationships, addressing legal rights, obligations, and risks for businesses, consumers, and other stakeholders involved in commercial transactions.
Real Estate Litigation Services
Navigating the complexities of real estate litigation demands comprehensive legal expertise and strategic guidance. Our firm offers a range of services to address various issues and conflicts in the real estate sector, ensuring effective resolution and protection of our clients’ interests. We also specialise in offering comprehensive assistance in various facets of joint-ventures projects, developments, and beyond.
Contract Disputes
We provide skilled representation in disputes arising from real estate contracts, advocating for our clients’ rights and interests through negotiation, mediation, or litigation.
Issues arising out of Sales and Purchase Agreement (SPA)
Resolving disputes stemming from Sales and Purchase Agreements, encompassing issues like breach of contract, non-performance, and contractual ambiguities. We meticulously analsze SPAs to safeguard clients’ rights, ensure compliance, and seek favorable outcomes through negotiation, mediation, or litigation.
Jointly Owned Property Development (JOPD) Law
Providing guidance and representation in matters governed by Law No. 27 of 2007 Concerning Ownership of Jointly Owned Real Property in the Emirate of Dubai, regulating relationships between co-owners within jointly owned property developments.
Title Disputes
In cases involving title issues or property ownership disputes, we conduct thorough legal analysis and representation to protect our clients’ property rights and resolve conflicts effectively.
Property Damage and Nuisance Claims
Our firm addresses property damage claims and nuisance disputes, advocating for fair compensation and seeking remedies to mitigate disturbances affecting our clients’ properties.
Construction Defects and Disputes
In matters related to construction defects and disputes, our legal team offers comprehensive representation to resolve issues and mitigate liabilities for property owners, contractors, and subcontractors.
Representation in Contract Termination and Compensation Claims
We provide comprehensive representation to clients in cases of contract termination, guiding them through negotiations, asserting their contractual rights, and pursuing compensation for losses, delay etc.
Some of the core areas of Real Estate Litigation includes:
– SPA Termination;
–Performance of Contracts;
– Compensation for delayed handover;
– Refund of Security Deposits and Down Payments;
Drafting and Review of Real Estate Contracts
Our firm excels in meticulously drafting and scrutinising contracts pivotal to real estate transactions, ensuring clarity, legality, and protection for our clients.
Comprehensive Contract Drafting
Our firm excels in drafting and reviewing contracts essential for real estate transactions. We customise each contract to fit our clients’ unique needs, ensuring clarity, legality, and comprehensive coverage. Through meticulous reviews, we identify and address potential risks, providing proactive solutions to protect our clients’ interests. From purchase agreements to lease contracts, our expertise in real estate law guarantees documents crafted for optimal protection and risk mitigation.
Thorough Contract Review
Our team conducts exhaustive reviews of existing contracts, identifying potential pitfalls, and safeguarding our clients’ interests before finalising agreements.
Legal Expertise and Guidance
With our expertise in real estate law, we provide strategic guidance throughout the contract drafting and review process, ensuring compliance and minimising risks.
Due Diligence
Our firm excels in meticulously drafting and scrutinising contracts pivotal to real estate transactions, ensuring clarity, legality, and protection for our clients.
Title Verification
Thorough due diligence is essential for informed decision-making and risk mitigation in land transactions. We assist our clients in verifying ownership and identifying encumbrances (e.g., liens, easements).
Permit Status Check
We conduct an extensive Investigation regarding the status of permits, approvals, and entitlements required for development, including building permits, environmental permits, and subdivision approvals.
Escrow Services
Transaction Security
We ensure the security of transactions by holding funds or assets until all the conditions of the Escrow Agreement are met, thereby reducing the risk of fraud or non-performance.
Payment Processing
We safeguard the proper transfer of funds from buyer to seller in real estate transactions and ensure the proper adherence to the terms of the contract.
Regulatory Compliance
We adhere to regulatory requirements and industry standards, including anti-money laundering (AML) and know-your-customer (KYC) regulations, to safeguard client funds and maintain process integrity.
Confidentiality
We maintain strict confidentiality and prioritise the protection of privacy of the parties and sensitive information exchanged throughout the escrow process.