News
UAE real estate investment fund regulations amended- Abu Dhabi: The Securities and Commodities Authority (SCA) has amended an administrative resolution related to regulating the “General Real Estate Investment Fund,” which will be in force upon its issuance. The amendment issued in 2019 includes changes to Article 2 of the administrative resolution, which stipulates that the…
Interest has soared for freehold areas in Abu Dhabi like Al Reef, Al Raha Beach and Masdar City, data in Bayut’s H1 Market report for 2019 has shown. According to the Abu Dhabi Investment Office, the UAE currently ranks 27th globally for foreign direct investment. Moving into the second half of 2019, Abu Dhabi’s recent…
There is plenty of speculation around Expo 2020 in terms of how much it will spur the real estate market in Dubai, if at all. Expo 2020 is perhaps the biggest event the UAE has ever hosted and judging from the anticipated after-effects and heightened awareness the event will bring, particularly in a city that…
In April, the Abu Dhabi government changed its real estate laws allowing foreign nationals to own freehold property in designated investment zones, a privilege that was previously enjoyed only by the UAE and Gulf Cooperation Council (GCC) nationals. Foreign property investors in Abu Dhabi were previously only granted leasehold ownership with a maximum 99-year term….
Owning a home is a keystone of wealth… both financial affluence and emotional security.