Real Estate Laws in Abu Dhabi

/Real Estate Laws in Abu Dhabi

Real Estate Laws in Abu Dhabi

Where foreign investors can now buy freehold property in Abu Dhabi

Islands, business hubs and Masdar City among those named investment zones by the Department of Urban Planning and Municipalities Under Abu Dhabi’s new freehold law, foreign investors can buy property for the first time in the emirate within designated investment zones, which include private resort Nurai Island, eco-friendly Masdar City and Al Maryah Island, [...]

تخفيض وإلغاء رسوم خدمات البلدية في أبوظبي

تقدم أبوظبي إعفاء من الرسوم للتراخيص الاقتصادية الجديدة : اصدر الأمين العام للمجلس التنفيذي لإمارة أبو ظبي الدكتور أحمد مبارك المزروعي ، قرار المجلس التنفيذي رقم «336» لسنة 2018 بشأن تخفيض وإلغاء بعض رسوم وخدمات البلدية في إمارة أبو ظبي، تضمن تخفيض رسوم عدد من الخدمات من بينها تسجيل وتجديد عقود الايجار من قبل [...]

Questions Tenants Should Know Before Signing a Leasing Contract.

Questions Tenants in Abu Dhabi Should Know the Answers to Before Signing a Leasing Contract. If you are renting in Abu Dhabi for the first or the 5th time, it’s always good to refresh your knowledge on some of the basic questions, rules, and regulations surrounding your tenancy contract. 1) What is the legal [...]

Thinking of Relocating? Explore Al Reem Island Living

Finding the right home and location is crucial to your quality of life. Keeping up to date with where is best for your family to live. Here we are delighted to share with you a view of living in Al Reem Island. Reem Island has proved to be the fastest growing neighborhood within Abu [...]

Exemption of residential property from VAT

 أكدت الهيئة الاتحادية للضرائب إعفاء العقارات السكنية من ضريبة القيمة المضافة بشكل عام فيما عدا التوريد الأول خلال السنوات الثلاث الأولى من بنائه والذي سيخضع لنسبة الصفر. جاء ذلك في بيان للهيئة اليوم أوضحت فيه ضوابط معاملة قطاع العقارات فيما يتعلق بضريبة القيمة المضافة. وقالت الهيئة ” ستخضع توريدات العقارات التجارية – البيع أو [...]

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 [...]