Dubai’s Emaar Properties signs property assets protection agreement with DIFC Courts

Dubai’s Emaar Properties signs property assets protection agreement with DIFC Courts

The Dubai International Financial Centre (DIFC) Courts and Emaar Properties have signed a cooperation agreement to promote the Wills Service provided by the UAE's English-language common law court. The new agreement is expected to encourage awareness across Emaar Properties' portfolio of the Wills Service, offering both investors and residents additional protection on real estate investments in the UAE. LAst month, Emaar Properties said that its group property sales in Q1 2021 were $1.937bn, up 83 per cent compared to $1.058bn it reported in Q1 2020. It added that it had handed over more than 74,500 residential units in Dubai. Launched through a partnership in 2015 between the DIFC Courts and the Government of Dubai, the Wills Service was established to enable non-Muslims who are investing and living in the UAE to pass on their assets and appoint guardians for their children in line with their wishes through a Will registration service. "This is a public service designed and introduced to provide people with choice. The UAE is home to over eight million expatriates, many of whom have settled in the country and purchased a home for their family. In addition, the UAE has welcomed and enabled many foreign investors to