whatsapp

UAE allows minors to manage assets from age 15 under new civil law

/media/GA_LQmJmOH..webp © Image Copyrights Title

Abu Dhabi — The United Arab Emirates has introduced a significant update to its legal age framework under the revised Civil Transactions Law, allowing minors as young as 15 to manage their assets with court approval while formally setting 18 years as the age of full legal adulthood.

The reforms, which came into force on January 1, 2026, form part of a broader civil law overhaul aimed at simplifying legal rules, improving certainty, and supporting economic participation, particularly among young people.

Court approval for asset management at 15

Under the new law, minors aged 15 (Gregorian calendar) may apply to a court for permission to manage their assets. Judges will assess each application on a case-by-case basis to determine whether granting such authority serves the minor’s best interests.

The provision replaces the previous threshold of 18 Hijri years and is designed to encourage early economic engagement, including youth entrepreneurship, while ensuring judicial oversight remains in place.

However, the government announcement did not specify the categories of assets minors may manage. Legal experts say further clarification is expected once the law is officially published in the UAE Gazette.

Legal adulthood aligned across laws

The reform also lowers the age of majority to 18 Gregorian years, aligning civil law with existing labour and juvenile legislation.

Dr Binisaroj, senior legal consultant at Khalifa bin Huwaidan Advocates, said the update reflects modern social and legal realities.

“Under the old law, adulthood began at twenty-one lunar years, which no longer reflected how society and the legal system operate,” she said. “The new law brings civil responsibility in line with labour and criminal laws while recognising the capacity of younger individuals under judicial supervision.”

More flexible approach to legal capacity

Beyond age thresholds, the revised law introduces a more inclusive approach to legal capacity. Instead of fully removing a person’s legal ability in cases of limitation, courts may now appoint judicial assistants to support individuals who are unable to fully express their will.

Legal experts say the shift reflects a more compassionate and modern understanding of dignity, autonomy, and inclusion.

Clearer contract rules involving minors

From a contractual standpoint, the law also simplifies how agreements involving minors are treated. Previously, certain contracts entered into by minors were considered “suspended” until ratified.

The new framework replaces this with a clearer rule: such contracts are voidable in the minor’s interest, a change that legal practitioners say will reduce confusion for families, businesses, and courts.

Part of wider civil law reform

The legal age update is one element of a comprehensive reform of the Civil Transactions Law, which authorities say is intended to modernise the legal system while supporting economic growth and strengthening trust in judicial outcomes.

Commnets 0
Leave A Comment

Related Posts
© Nasdaq Dubai Records $13.8 Billion in New Fixed-Income Listings in 2026

Nasdaq Dubai Records $13.8 Billion in New Fixed-Income Listings in 2026

Nasdaq Dubai has added 33 new fixed-income listings worth $13.8 billion since the start of 2026, reinforcing Dubai's position as one of the world's leading hubs for sukuk and debt capital markets. Int...

© Ajman Bank Raises $300 Million Through Debut AT1 Sukuk Priced at 6.5%

Ajman Bank Raises $300 Million Through Debut AT1 Sukuk Priced at 6.5%

Ajman Bank has successfully completed its inaugural $300 million Additional Tier 1 (AT1) Perpetual Non-Call 5.5-Year Sukuk, pricing the issuance at a 6.5% profit rate. The milestone transaction streng...

© Oil Prices Jump Over 3% as Iran Tensions Stoke Strait of Hormuz Supply Fears

Oil Prices Jump Over 3% as Iran Tensions Stoke Strait of Hormuz Supply Fears

Global oil prices surged more than 3% during early Asian trading on Wednesday after renewed military tensions involving Iran heightened concerns over the security of the Strait of Hormuz, a vital mari...

© OPEC+ Approves August Oil Output Increase as Crude Prices Ease

OPEC+ Approves August Oil Output Increase as Crude Prices Ease

Seven members of the OPEC+ alliance have agreed to increase their combined crude oil production by 188,000 barrels per day (bpd) in August, extending the group's gradual supply expansion as global oil...

© Oil Prices Hold Near $70 as Middle East Risk Premium Eases, Murban Crude Outperforms

Oil Prices Hold Near $70 as Middle East Risk Premium Eases, Murban Crude Outperforms

Global oil prices traded with little movement during Asian trading on Monday as easing geopolitical tensions in the Middle East offset expectations of firm seasonal fuel demand. While benchmark crude ...

© Singapore Seizes $42.5 Million Mansion in Nvidia Chip Smuggling Probe

Singapore Seizes $42.5 Million Mansion in Nvidia Chip Smuggling Probe

Singapore authorities have seized a luxury mansion worth S$55 million (US$42.5 million) as part of an ongoing investigation into an alleged Nvidia AI chip smuggling and money laundering network, offic...

© Bank of Baroda Pays $600 Million to Settle NMC Health Litigation

Bank of Baroda Pays $600 Million to Settle NMC Health Litigation

Bank of Baroda has agreed to pay $600 million to settle litigation related to the collapse of UAE-based healthcare company NMC Health, bringing an end to years of legal proceedings against the Indian ...

© UAE Fuel Prices Drop Sharply in July; Further Relief Possible if Global Oil Prices Stay Lower

UAE Fuel Prices Drop Sharply in July; Further Relief Possible if Global Oil Prices Stay Lower

UAE motorists are enjoying lower fuel prices in July after the country's monthly fuel price revision reflected a sharp decline in international crude oil prices, offering welcome relief following mont...

© Iran Reports 40 Million Barrels of Oil Exports After U.S. Blockade Ends

Iran Reports 40 Million Barrels of Oil Exports After U.S. Blockade Ends

Iran has announced that it exported more than 40 million barrels of crude oil since the United States lifted its naval blockade of Iranian ports earlier this month, marking a significant recovery in t...

© Norway's Crude Oil Production Exceeds Forecasts in May Despite Monthly Decline

Norway's Crude Oil Production Exceeds Forecasts in May Despite Monthly Decline

Norway's offshore oil industry delivered stronger-than-expected production in May, with crude output surpassing official government forecasts even as production eased from April's exceptionally high l...