WHAT HAPPENED?

“In June 2015, Abu Dhabi's authorities issued Abu Dhabi Law No. 3/2015. It is a wide-ranging piece of law, which attempts to cover a whole range of issues including escrow law, interim registration, the mortgage process and the jointly owned property regime in one place, rather than in a number of different pieces of legislation, as is the case in Dubai and other Emirates. It is an ambitious undertaking and there will also be Executive Regulations supplementing the law,” Adrian King says.