Real Estate Update: Further Information Regarding Foreign Companies Registering Property in Dubai

Analysis

Two weeks ago Clyde & Co issued a real estate alert regarding the Dubai Land Department's policy affecting foreign companies registering property in Dubai. This update contains further Q&As on the topic

Can the following entities register title to property in Dubai?

- Dubai onshore LLC with foreign ownership up to 49%

 There is no Land Department restriction on these entities, provided that the property is located in a designated area where ownership by non-UAE and GCC nationals is permitted.

- Dubai free zone companies (i.e JAFZA, DMCC, TECOM), and DIFC companies, with foreign ownership

There is no Land Department restriction on these entities, provided that the relevant free zone issues an "NOC" to the Land Department and the property is located in a designated area where ownership by non-UAE and GCC nationals is permitted. Relevant free zone rules and regulations would also apply.

- Free zone or offshore companies established in other Emirates (i.e SAIF FZ and RAK FTZ/RAKIA) with foreign ownership

We are informed that the current restrictions do apply to such companies.

- Companies that are registered onshore in established foreign jurisdictions?