Sharjah International Commercial Arbitration Centre participates in Acres 2020

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The Sharjah International Commercial Arbitration Centre, also known as TAHKEEM, participated in the Acres Real Estate Exhibition which was held under the patronage of His Highness Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and in the presence of His Highness Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, in Expo Centre Sharjah on March 5-7.

The leading real estate exhibition aimed to launch new real estate projects and deliberate key issues concerning freehold laws and legislation enacted to ensure investor rights.

On the sidelines of the exhibition, TAHKEEM organised a workshop under the theme "Arbitration in settlement of real estate disputes", on March 5, which was conducted by Ms Hamda Ali Al Baloushi, Director of Cases Department at TAHKEEM.

Ms Al Baloushi indicated that the workshop addressed a plethora of key arbitration-related real estate property disputes and how to adjudicate them, including mechanisms and tools used. The discussions centred on how TAHKEEM resolve real estate dispute legally in successive stages at the hands of qualified arbitrators, specialists and lawmen, in a fair, accurate and expeditious manner.

She added that the workshop provided comprehensive knowledge much needed by real estate investors in line with TAHKEEM’s role in propagating the culture of arbitration in light of its effective role in introducing reforms and amendments that keep up with modern global laws and legislation.

On his part, His Excellency Abdullah Deaifis, Chairman of the TAHKEEM’s Executive Committee, affirmed the Centre’s keenness to participate in all major activities and events concerned with  economy, trade and investment- fields, which, he said, “constitute a point of convergence for all parties concerned, allowing  them to share knowledge, exchange expertise, and provide specialised services to all stakeholders in a way that ensures a competitive environment, governed by flexible legislation and laws.”

Deaifis added that the Emirate of Sharjah boasts a unique investment ecosystem, which allows entrepreneurs and investors of all nationalities to start their projects on a solid infrastructure, and under wide and varied commercial and investment umbrellas which enable them to develop and expand their businesses, especially in light of the recent construction and real estate boom in the emirate.

The Sharjah International Commercial Arbitration Centre is one of the leading semi-government institutions operating in the field of arbitration in the UAE. Based in the Emirate of Sharjah, TAHKEEM was established in 2009 under the Emiri Decree No. 9 issued by His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah.

High-precision, flexibility and professionalism, as well as a cost-effective fee structure, are among the myriad advantages provided by TAHKEEM. Another advantage only offered by the Centre is its excellent record in issuing awards in a period not exceeding six months from the date of the first arbitration hearing