Aldar endorses Abu Dhabi law on land ownership for foreigners
Aldar Properties says it endorses Abu Dhabi government’s announcement that "all foreigners will be entitled to own the freehold of land and properties which they purchase in investment zones," according to a statement. Previously this was only permitted for UAE and GCC nationals. "As part of the changes, residential units in the zones will be registered under Abu Dhabi’s freehold law, with property ownership deeds issued to investors, according to a statement issued by the Government of Abu Dhabi". Previously foreign investors in Abu Dhabi property were generally limited to leasehold arrangements with 99-year leases.
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