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Abstract

common property that regulates the rights of the same family members who work together. This family ownership aims to save the money by figuring out the perfect way to invest it. Furthermore, we explained the family ownership contract and the rules that regulate it. We also addressed how to transfer the common ownership, and how to manage the family ownership. We have concluded that, there is a difference in the “family concept” between the “Family Planning Law” in the Emirate of Dubai and that stated in the “UAE Civil Transactions Law”. Moreover, we found that the local legislator of the Emirate of Dubai has put restrict rules that should be followed in making modifications to any family ownership contract, conversely, the federal legislator of the United Arab Emirates has not. Therefore, we recommended Therefore, we recommended that the UAE federal legislator reconsider the legislative regulation on family ownership contained in the Civil Transactions Law, and we also recommended the local legislator of the Emirate of Dubai to reconsider the definition of the family contained in Article 1 of the Family Property Regulation Law, and to set controls for urgent cases that enable During it, one of the partners was authorized to resign by decision without achieving consensus.

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