Dubai court rejects mother's plea seeking partition of villa she co-owns with her son
Dubai Real Estate Court dismissed a lawsuit filed by an Asian woman seeking to cancel the co-ownership of a villa in Dubai between herself and her son, as each owns a 50% share.
The court ruled that the villa, designated for single-family occupancy, cannot be divided into two equal portions.
According to case details, the plaintiff stated that she intended to transfer her share of the property to her other son to ensure fairness and equality among her children.
When she asked the property developer to obtain a No Objection Certificate (NOC) for the sale and transfer process, the developer refused to issue the certificate due to the absence and non-cooperation of her son, who is a co-owner of the property.
Case documents revealed that the plaintiff had previously filed a lawsuit before the Dubai Personal Status Court but the court ruled it lacked jurisdiction, prompting her to file the case before the Real Estate Court, requesting either the allocation of her share or the partition of the property to enable her to sell her portion to her other son.
The court appointed a specialised expert to determine the feasibility of partitioning.
The legal representative of the son argued for the dismissal of the case, citing the impossibility of division since the villa is designed for single-family occupancy and cannot be separated.
The expert's report affirmed that the villa consists of a ground floor and a first floor, currently occupied by a tenant, and is designated for single-family use, making it impossible to divide into two equal shares.
The expert also assessed the villa's market value at Dhs5.25 million, based on official data from the Dubai Land Department.
Dr Alaa Nasr, the legal representative of the appellee, explained that the court's rejection of the plaintiff's claims was based on the provisions of the Civil Transactions Law, which stipulates that the jointly owned property must be divisible and the expert's report conclusively established the impossibility of fairly dividing the property.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
2 days ago
- Al Etihad
Asian shares mixed ahead of US personal consumption expenditures data
27 June 2025 14:12 Beijing (dpa-AFX)Asian stocks ended mixed on Friday despite US President Donald Trump announcing a trade deal with China on rare earths and hinting at a major upcoming deal with India. The ceasefire between Iran and Israel continued to hold, and weak US data fuelled rate cut hopes, helping limit regional dipped over 1% below $3,300 per ounce, and the dollar index hovered near its lowest level since March 2022 ahead of the US May personal consumption expenditures (PCE) price index data due later in the session. Oil was on track for its worst weekly loss since March as supply concerns Shanghai Composite index fell 0.70% to 3,424.23 as new data showed China's industrial profits fell 9.1% year on year in the first five months of the year in the face of deepening deflationary pressures and a persistent property crisis. Hong Kong's Hang Seng index finished 0.17% lower at 24,284.15 after a White House official said the United States has reached an agreement with China on how to expedite rare earth shipments to the US. Japanese markets ended at a six-month high amid hopes the US will extend the deadline for reciprocal tariffs. The Nikkei average jumped 1.43% to 40,150.79, marking its highest closing level since December 27. The broader Topix index settled 1.28% higher at 2,840.54. Technology stocks followed their US peers higher, supported by positive news around easing tensions in the Middle East and expectations for Fed rate cuts this year. Tokyo Electron surged 4.3%, and SoftBank Group rallied 2.5%. Defence-related Kawasaki Heavy Industries soared 6.2% on expectations of increased defense spending in the country. Automakers Honda, Toyota, and Nissan all gained around 3%, tracking a weaker yen as Tokyo's CPI data for June 2025 revealed a milder inflation trajectory than anticipated. Australian markets gave up early gains to end in the red. Banks fell, offsetting gains in the mining sector. The benchmark S&P/ASX 200 dipped 0.43% to 8,514.20, while the broader All Ordinaries index closed 0.34% lower at 8,743.60. US stocks rose overnight as White House spokeswoman Karoline Leavitt downplayed the importance of July's tariff deal deadlines. In economic news, sales of durable goods came in well above expectations in May. Jobless claims came in below expectations last week, but continuing claims hit a 2.5-year high. Revised data showed real US GDP fell at an annual rate of 0.5% in the first quarter of 2025, a downgrade from the previous estimate of a 0.2% decline and marking its worst quarterly performance since early 2023. The tech-heavy Nasdaq Composite rallied 1%, and the S&P 500 climbed 0.8% to end the day just shy of their record closing highs on Fed rate cut hopes. The narrower Dow advanced 0.9%. Stock Markets Continue full coverage
Arabian Post
3 days ago
- Arabian Post
Dollar Suffers Worst H1 Slump in Four Decades as Capital Seeks Alternatives
The U.S. dollar has slumped by more than 10 per cent year‑to‑date, marking its most severe first‑half decline since the mid‑1980s, as global investors pull back from dollar‑denominated assets amid doubts over U.S. economic policy and rising interest in alternatives such as cryptocurrencies. Institutional investors across Europe and Asia are leading a broad sell‑off. European pension funds and insurers have slashed dollar‑asset exposure to levels unseen since 2022, primarily through equity divestment, while Asian bondholders have been unwinding fixed‑income positions. Market watchers identify multiple bearish drivers: weakening Federal Reserve credibility under the spectre of political interference, dovish statements signalling potential rate cuts, and concerns over President Trump's tariff posture and mounting debt. These factors have undercut confidence in the dollar's role as the premier global reserve asset. ADVERTISEMENT Declining yields on U.S. Treasuries have narrowed their appeal, prompting asset shifts toward Europe and emerging markets and feeding a broader investor rotation away from dollar‑centric investments. Cash strategists at Bank of America report that the net underweight position on the dollar is the most significant in two decades, signalling widespread repositioning. Despite periodic reprieves, market technicals remain weak. The ICE U.S. Dollar Index, trading around the high‑90s, broke key support levels, triggering technical patterns that suggest further downside unless a strong reversal emerges. The dollar's weakness is also fueling a surge in alternative assets. Cryptocurrencies like Bitcoin have rallied, with analysts highlighting an inverse correlation to the dollar's performance. Gold and select equities in Europe and Asia have benefited from the reallocation of capital. Echoes of the mid‑1980s Plaza Accord era are notable, when coordinated efforts led to a sharp devaluation of the dollar. However, experts caution that the current environment reflects deeper structural trends: geopolitical uncertainties, shifting reserve currency strategies, and Asia's growing role in capital flows. Some analysts argue that short‑term technical bounce possibilities exist, especially if U.S. economic indicators outperform or geopolitical tensions rekindle risk‑off flows. Yet, the prevailing consensus points to a prolonged adjustment period, as 'short dollar' bets remain deeply entrenched among fund managers. The dollar's slide has implications beyond currency markets. Weaker dollar conditions typically ease financial constraints for emerging economies with dollar-denominated debt, support commodity prices, and influence global trade balances. Conversely, U.S. consumers may experience elevated import costs. Attention now shifts to key catalysts: upcoming Fed commentary, U.S. inflation and employment data, and whether the administration proceeds with proposed tariffs or investment taxes that could further unsettle international investor sentiment.
Gulf Today
3 days ago
- Gulf Today
Thailand holds rates, but more easing expected amid tariff risks
Thailand's central bank left its key interest rate unchanged on Wednesday, as expected, saying it was saving some policy ammunition if needed to support an economy expected to slow amid trade uncertainty and renewed domestic political turmoil. The central bank said growth was stronger than expected in the first half of the year, in part because of frontloading of export orders to beat US tariffs, but noted the outlook was uncertain and it was ready to cut rates as needed. The Bank of Thailand's monetary policy committee voted 6 to 1 to keep the one-day repurchase rate at 1.75%, the lowest in two years. The BOT said its rate cuts in February and April were providing some support to the economy. "The Thai economy is projected to slow down going forward, as a result of increasing risks to merchandise exports stemming from US trade policies as well as geopolitics and domestic factors," it said in a statement. The stronger-than-expected start to the year saw the BOT lift its central-case growth forecast to 2.3% for 2025, almost matching last year's 2.5% and more optimistic than some market analysts. Assistant Governor Sakkapop Panyanukul told a press conference that the committee was ready to "react if the economy is slower than expected." "The BOT's tone remains dovish, pointing to room for further accommodation in the coming months," said Lavanya Venkateswaran, senior ASEAN economist at OCBC. "Our baseline is for another 25 basis point cut in the second half as downside risks to growth remain rife from perceived domestic political uncertainties and U.S. tariff risks," she said. Capital Economics said it expected 50 basis points of rates cuts before the end of the year. Thailand faces a 36% U.S. tariff on its exports, a key driver of growth, if it fails to negotiate a reduction before a moratorium expires in July. A tariff of 10% has been set for most nations while the moratorium is in place. The baht was largely unchanged against the U.S. dollar after the decision to hold rates steady, which had been expected by 21 of 33 economists in a Reuters poll. Thailand's economy has struggled with weak consumption, soaring household debt, slowing tourism, trade uncertainty and potentially steep U.S. tariffs. The BOT also lowered its forecast for tourist arrivals, a strng domestic growth driver, to 35 million this year. Adding to the challenges is a fresh round of political turmoil that could bring down Prime Minister Paetongtarn Shinawatra or the coalition government led by her Pheu Thai party. Sakkapop said that the political issues had not been factored into its forecasts, and the central bank would wait to see developments. Meanwhile, Thai stocks and the baht were largely unchanged on Wednesday after the country's central bank stood pat on rates, as expected, while other Asian currencies and equities rose as easing Middle East tensions lifted sentiment. The currency was trading at 32.623 per dollar after the Bank of Thailand (BoT) held its key one-day repurchase rate steady at 1.75%, following two straight cuts, as it looked to preserve limited policy space amid persistent trade uncertainty and deepening political turmoil. The central bank said its monetary policy remained accommodative to support the economy and that it was ready to adjust interest rates if needed. "BoT's tone remains dovish, pointing to room for further accommodation in the coming months. Our baseline is for another 25 basis point cut in 2H25 as downside risks to growth remain rife from perceived domestic political uncertainties and U.S. tariff risks," said Lavanya Venkateswaran, senior ASEAN economist at OCBC. The country has been gripped by political uncertainty after the Bhumjaithai Party, fresh off its exit from the ruling coalition, said it would pursue a no-confidence motion against Prime Minister Paetongtarn Shinawatra and her cabinet, piling pressure on the embattled government. Agencies
