Abu Dhabi: Real Estate Legislation to be Issued Soon
Type
E-journal
Date
15 Jan 2014
Jurisdiction
Abu Dhabi
Taxonomy
General Real Property Law, Regulatory Compliance
Copyright
LexisNexis
Relevant company
LexisNexis
The changing landscape of Abu Dhabi real estate
Banking & Finance analysis: With new real estate legislation set to be issued, Andrew Thomson, real estate lawyer in the Dubai and Abu Dhabi offices of Clyde & Co, examines the next steps for real restate within the Emirate.
Original news
Abu Dhabi: Real Estate Legislation to be Issued Soon, LNB News 15/01/2014 98
Emaratalyoum, 15 January 2014: The Undersecretary of the Abu Dhabi Municipality, Ahmed Alsharif has announced a raft of new real estate legislation which is aimed at regulating the sector and establishing a fair approach to price setting and rent rates.
What are the proposals in the new law on real estate?
We understand that the proposal is to allow foreign nationals to own property within the Emirate on a freehold basis.
Will there be any restrictions on expatriates holding real estate in any areas of Abu Dhabi or in any free zones?