The Wait is Over: Abu Dhabi's New Property Law
Type
E-journal
Date
16 Mar 2016
Jurisdiction
Abu Dhabi
Taxonomy
General Real Property Law
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
Abu Dhabi has recently published its long-awaited new property law aimed at better regulating the real estate market in Abu Dhabi, which will take effect from January 2016.
Al Tamimi & Company has had the privilege of working with the team responsible for drafting this new law, which has been through more than seven years of consultation, review and drafting. The new law is a positive step towards attracting increased real estate investment in Abu Dhabi, and across the UAE more broadly, as it tackles many of the concerns raised by investors and developers in the past, while also drawing on the real estate investment experience in the UAE, and especially in Dubai, over the last ten years.