UAE's new federal property law soon

DUBAI — The new federal property law expected to be announced in the next few weeks and Dubai's move to clear doubts about the 'freehold' and 'leasehold' property status will set the stage for future real estate developments.

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By Staff Reporter

Published: Tue 13 Sep 2005, 10:11 AM

Last updated: Thu 2 Apr 2015, 5:49 PM

Dr. Mohammed Raheef Hakmi, Chairman, Armada Group, said: "These regulations will ease investor fears over property rights and set the stage for the sector to grow without much hindrance. But it will depend on the changes in the present regulations and the impact it will have on the market conditions."

Staff Reporter

Published: Tue 13 Sep 2005, 10:11 AM

Last updated: Thu 2 Apr 2015, 5:49 PM

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