1. The right of ownership of real estate shall be limited to the following categories: a. Nationals and their equivalent, whether natural or legal persons.
b. Public joint-stock companies in which the contribution of non-Nationals does not exceed 49%.
c. Any person in respect of whom a Crown Prince or Chairman of the Executive Council Resolution is issued.
2. The non-National natural or legal persons may own and acquire all the principal or collateral real rights of the properties located within investment areas and may dispose of them in any manner whatsoever.
Moreover, Abu Dhabi Real estate lawyers are advising before buying any property in Abu Dhabi to find out whether it’s an investment area or not,
On the one hand, As per law no The non-National natural or legal persons may own; and acquire all the principal or collateral absolute rights of the properties;
On the other hand, provided that it should be located within investment areas and may dispose of them in any manner whatsoever;
Thus, This means that non-national don’t have the right to buy any property outside the investment areas.
Dubai Real estate attorneys; Our Tips to buyers in Dubai;On the other hand, the real estate sector in Dubai is subject to Regulation No. (3) of 2006 Determining Areas for Ownership by Non-UAE Nationals of Real Property in the Emirate of Dubai.
Also, our Dubai Real estate lawyers are advising people who are searching for property in Dubai to explore; whether government allow for non-national to buy or not in the specific area,because as per article 3 of law no three f 2006 that stipulates the followings;Generally, As per Article (3), A Non-UAE National may acquire freehold ownership rights in specific areas;for Ownership of Real Property in the Emirate of Dubai.
The Land Department issues the title deeds in the emirate. There is no time limit to own property in Dubai.So, our Dubai and Abu Dhabi Real estate lawyers advise clients before proceeding with any property transaction to consult about your right to buy in the area you are searching to buy-in.
To illustrate:-