2019 Apr 17 Wed, 06:05:29 pm

UAE President amends provisions in Abu Dhabi real estate law

ABU DHABI, 17th April, 2019 (WAM) -- In his capacity as Ruler of Abu Dhabi, President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued a law amending provisions of Law No. 19 of 2005 concerning real estate sector in Abu Dhabi. The new law stipulates amendments to Articles 3 and 4 of the 'Real Property Law'. Article 3 (i) stipulates the rights to own property are limited to three categories the first being Emirati citizens, natural or legal persons, the second includes public...