New changes to Abu Dhabi real estate law

Estimated read time 5 min read

[vc_row el_class=”container section”][vc_column el_class=”row”][vc_row_inner el_class=”row”][vc_column_inner][expatmedia-landing-article title=”landing article”][/vc_column_inner][/vc_row_inner][vc_row_inner el_class=”col-md-8 “][vc_column_inner el_class=”col-md-8″][expatmedia-article-content body_text=”Nothing, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt.

Consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis.” byline=”staff reporter” caption=”The Abu Dhabi skyline.” credits=”ARCHIVE”]

New changes to Abu Dhabi real estate law

 

DUBAI – President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a law amending provisions of the real estate law in Abu Dhabi.

Under the new amendments to the Real Property Law, the rights to own property are limited to three categories the first being Emirati citizens, natural or legal persons, public holding companies with ownership not exceeding 49 per cent non-nationals, or any person to whom a decision is issued by the Abu Dhabi Crown Prince or the President of the Executive Council.

Non-UAE nationals, natural or legal persons shall have the right to own and acquire all original and in-kind rights in real estate properties located within investment areas.

The law has also been amended to give holders of a ‘usufruct’ or ‘musataha’ for more than ten years, to dispose of the property, including the right of mortgage, without the consent of the landlord. However, the landlord may not mortgage the property except with the consent of the usufruct or musataha holder. In both cases, the parties may agree otherwise.

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, directed Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Chairman of the Executive Committee and Member of the Abu Dhabi Executive Council, to review the emirate’s real estate sector development in line with international trends and standards.

The Abu Dhabi Executive Committee raised a proposal to update the Real Property Law, following a study on the emirate’s real estate sector, and the holding of a series of meetings with stakeholders, investors and real estate developers, to identify means to develop the sector, and consolidate the status of Abu Dhabi as an investment destination. GAD/Expat Media[/expatmedia-article-content][/vc_column_inner][vc_column_inner][expatmedia-related-posts enable_pagination=”no” layout=”2-col” posts_query=”size:6|order_by:date|post_type:post|categories:97″ title=”MORE PROPERTY STORIES” thumb_size=”expatmedia-post-thumbnail”][/vc_column_inner][/vc_row_inner][vc_row_inner el_class=”col-md-4″][vc_column_inner][expatmedia-latest-posts read_more_text=”Read more →” posts_query=”size:10|order_by:date|post_type:post” title=”LATEST NEWS”][/vc_column_inner][vc_column_inner el_class=”border-box border-box-mwidth business–popular-ad”][expatmedia-guides-posts posts_query=”size:3|order_by:date|post_type:post|categories:97″ title=”POPULAR IN PROPERTY”][/vc_column_inner][vc_column_inner][vc_raw_html]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[/vc_raw_html][expatmedia-subscription title=”Subscribe”][/vc_column_inner][vc_column_inner el_class=”border-box border-box-mwidth business–popular-ad”][expatmedia-guides-posts page_link=”http://expatmedia.net/guides/” posts_query=”size:3|order_by:date|post_type:post|categories:2″ title=”Guides”][/vc_column_inner][vc_column_inner][svc_social_stream twitter_type=”@” twitter_num=”4″ skin_type=”template” grid_columns_count_for_desktop=”vcyt-col-md-12″ grid_columns_count_for_tablet=”vcyt-col-sm-12″ grid_columns_count_for_mobile=”vcyt-col-xs-12″ excerpt_length=”150″ loadmore=”no” title=”Twitter Post” twitter_id=”ExpatMediaUAE”][vc_raw_html]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[/vc_raw_html][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]

You May Also Like

More Stories

+ There are no comments

Add yours