Joint ownership in the UAE (Arabic Language) (600 AED)

Joint ownership is defined in several categories: • Ordinary joint ownership of a property: It is a typical joint ownership where several persons own a share in a property but without this share being segregated from the other shares. We will look at a joint owner’s rights as a shareholder and as a joint owner of the property, and events of termination of joint ownership, especially through division into separate properties (principles / types whether consensual or judicial and relevant procedures). • In addition, we will look into the preemption right. In our discussion of preemption right, we will present its conditions, the joint owner, cases of inapplicability of preemption, the multiplicity •

of joint owners exercising their preemption right, the procedures of preemption and its effects. • Ownership in a jointly owned property i.e. ownership of joint properties that is based on two pillars: (i) distinction between common areas and units and (ii) collective management of this type of ownership (for major projects / hotel projects and real estate projects other than major projects / hotel projects). It will be addressed in light of law no. 6 issued in 2019 regarding ownership of jointly owned property in the Emirate of Dubai. Applicable decisions of the courts in the United Arab Emirates regarding joint ownership will be referred to and discussed.