The Dubai Court of Personal Status dismissed the inheritance case. Chris Whiteoak / The National
The Dubai Court of Personal Status dismissed the inheritance case. Chris Whiteoak / The National
The Dubai Court of Personal Status dismissed the inheritance case. Chris Whiteoak / The National
The Dubai Court of Personal Status dismissed the inheritance case. Chris Whiteoak / The National

Widow fails to prove authenticity of husband's Dh734m will at Dubai court


Salam Al Amir
  • English
  • Arabic

A widow has failed at a Dubai court to prove the authenticity of her late husband's will, in which she was left the majority of his Dh734 million ($200m) estate.

The Lebanese woman, 75, asked Dubai Court of Personal Status to acknowledge the document, which she said was written in 2013.

She said the dead man, from Canada, who was a partner in a UAE-based construction company, had asked for Canadian inheritance law to be implemented during the will’s execution.

She sought to exclude her husband's siblings from the bulk of the inheritance, from which she was due to receive 29 apartments, including the couple's home in Dubai Marina, three villas, 10 land plots in different areas of Dubai and four luxury cars.

Judges heard the woman filed the case more than a year after the man’s death in Dubai in October 2020.

They were told she did so only after an inheritance inventory request was submitted to UAE courts by the childless man’s two sisters and brother, his closest relatives.

“The request for inventory was submitted with her knowledge and she filed for the case more than a year after her husband’s death,” lawyer Awatif Mohammed from Al Rowaad Advocates told the court.

The widow failed to prove the authenticity of the will in court and no evidence was found to prove the will had been registered in the UAE or Canada.

“A copy of the will, which the wife initially rejected to submit to court, was referred to the criminal laboratory in Dubai which compared the signature on it with his signature on the passport,” said the lawyer.

She presented evidence by experts who said the signature on the two documents was not identical.

Following several court hearings, judges ordered that the woman’s case be dismissed.

The ruling can be appealed within 30 days.

In similar verdicts where inheritance claims have been dismissed, the disputed inheritance has been divided according to UAE laws.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

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Updated: November 03, 2022, 11:52 AM