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Property Shop Investment
Abu Dhabi Al Muhairy Centre,
M Level, Al Khaldiya, Abu Dhabi, UAE
Local Tel: 600 548 200
Int'l Tel: +971 2 639 1147 | +971 2 205 2999

Real Estate Laws in Abu Dhabi

/Real Estate Laws in Abu Dhabi

Real Estate Laws in Abu Dhabi

Abu Dhabi Real Estate Brokers Fees 2017

Article 138 – 2017 Fixed administration fees for developers and fixed commission for real estate brokers Abu Dhabi Municipal Affairs and Transport Article 1: Broker's Commission The commission of the real estate brokers will be now fixed to 2% for any selling and purchasing contract, with a maximum amount of AED 500,000. The commission should [...]

Final Provisions

Article 84 Adjusting the Situation 1. The persons who start any of the activities aforesaid in Article (5) of this Law, shall adjust their situation according to the provisions thereof within (90} days from its effective date and the Department may extend this period for all categories of licensees or for a particular category as [...]

Penalties

Article 77 Practicing an Activity without a Licence Without prejudice to any more severe penalty provided for by any other law, any person who practices any activity as a broker, brokers' employee, auctioneer, director of the owners' union, Evaluator or surveyor or who introduces himself in this capacity without being licensed or adjusting his situation [...]

Levels, Apartments and Jointly Owned Parts

Article 58 Development Plans Chapter 1 - Real Estate Development Plans 1. The developer shall register the main or subsidiary development plan of the concerned real estate after obtaining the approval of the competent entities, before selling any real estate unit off the plan, and shall deposit the original copy thereof with both the Department [...]

Mortgage

Article 32 Mortgagee Chapter 1 - General Conditions If the mortgagee creditor was a bank or a financing company or institution, they shall be licensed and duly registered with the Central Bank for the practice of real estate financing in the Country. Article 33 Mortgagor and Mortgage The assignor of the off-plan real estate unit [...]

Initial Real State Register

Article 27 Obligation of Registering the Dispositions A Register shall be established in the Department under the name of "Initial Real Estate Register" where all the dispositions pertaining to the real estate units sold off-plan shall be recorded. These dispositions shall not be binding upon any of the parties thereto or towards others, unless they [...]

Real Estate Development

Article 12 Chapter 1 - Real Estate Development Projects No person may practice a real estate development activity unless they are registered in the Real Estate Development Register as a main developer or sub-developer. The developer registered in the Real Estate Development Register according to the provisions of this Article shall not be exempt from [...]

Licenses

Article 5 Chapter 1 - Licensing and its Categories and Conditions No person may carry out any activity as a Developer, Broker, Brokers employee, Auctioneer, Director of owners' union, Evaluator or Surveyor, nor may they introduce themselves in such capacity without a licence issued by the Department. No person that violates the provisions of Clause [...]

The Competencies and Administrative Structure of the Department and the Real Estate Development Register

Article 2 Chapter 1 Competencies and Powers of the Department The Department shall have the competence to organise and develop the real estate sector in the Emirate as well as to supervise and control all the matters related to this sector, and coordinate between the municipalities in this regard, and it shallin particular assume the [...]

Article 1 Definitions

Law no 3 of 2015 Concerning the regulation of the real estate sector in the emirate of Abu Dhabi In application of the provisions of this Law, the following terms and expressions shall have the meanings corresponding thereto, unless the context requires otherwise: Country The United Arab Emirates. Emirate The Emirate of Abu Dhabi. Government [...]

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