Press Release: Al Safar & Partners Announces Key Role in Dubai Land Department’s Real Estate Evolution Space Initiative

Dubai, UAE – 16/5/2024 – Al Safar & Partners is proud to announce its significant partnership in the launch of the Real Estate Evolution Space (REES) Initiative by the Dubai Land Department. This groundbreaking initiative aims to enhance innovation within the real estate sector and attract specialized technology companies to Dubai.

Our Founding Partner, Adv. Mahdi Al Safar, and our Partner & Head of Arbitration, Mr. Eduard Nedelcu, were present at the launch event. In a landmark move, Al Safar & Partners signed a Memorandum of Understanding (MoU) with the Dubai Land Department, underscoring our commitment to supporting the UAE’s real estate technology sector by providing initial legal guidance to the parties in the real estate field.

As part of this initiative, Al Safar & Partners will provide legal consultancy services focusing on:  

– Strategic Consultation, guiding real estate technology companies through their initial stages of establishment by providing comprehensive legal consultation.

– Intellectual Property Advisory: Providing legal advice on intellectual property registration matters to ensure companies safeguard their innovative ideas and assets.

– Project Finance Legal Advisory meant to assist companies in navigating financing, fundraising contracts, and partnership agreements, while facilitating access to funding sources.

– Regulatory Compliance: Advising on compliance with local ensuring companies operate within legal boundaries while promoting their products and services.

– Marketing Legal Support: Offering legal assistance to enhance the outreach of real estate technology companies by advising on marketing contracts, including international marketing efforts such as collaborations with global social media influencers and traditional media.

– Educational Initiatives: Initiating educational seminars to discuss the legal framework of the UAE pertaining to the real estate technology sector, empowering companies with essential knowledge for sustainable growth.

– Knowledge Dissemination: Publishing informative articles and guides relevant to the legal aspects of real estate technology, providing valuable insights to industry stakeholders.

“We are excited to contribute to the REES Initiative and support the next generation of real estate technology companies in Dubai,” said Adv. Mahdi Al Safar. “This initiative will not only bolster innovation in the sector but also solidify Dubai’s position as a global hub for real estate technology.”

Mr. Eduard Nedelcu added, “Our involvement in this initiative aligns with our constant commitment to providing comprehensive legal support to emerging tech companies, ensuring they navigate the legal landscape smoothly and effectively.”

The Real Estate Evolution Space Initiative represents a significant step forward in Dubai’s strategy to integrate cutting-edge technology into the real estate market, driving efficiency, transparency, and growth. Al Safar & Partners is honored to be a part of this transformative journey.

About Al Safar & Partners: Al Safar & Partners is a leading law firm based in Downtown Dubai, UAE, known for its expertise in commercial matters, arbitration, real estate, and corporate law. With a commitment to providing exceptional legal services, the firm supports both local and international clients in navigating the complexities of the legal landscape.

For more information, please contact:

Hana Al Shoufi 

Communication Department 

Al Safar and Partners Law Firm.

Address: Office 401a, Block C, Al Saaha Offices, Downtown Burj Khalifa District, Dubai, UAE. Tel: +97144221944 ext 5001, 

Email: reception@alsafarpartners.comwww.alsafarpartners.com