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Non-GCC citizens take ownership of Abu Dhabi homes
- United Arab Emirates: Wednesday, December 30 - 2009 at 11:49
The first homes in Abu Dhabi available for ownership by non-GCC citizens have been handed over to buyers four years after the project was launched, the National has reported. Manazel Real Estate is delivering the homes at Al Reef, a development that comprises 2,380 villas and 1,810 apartments, located next to Abu Dhabi International Airport. The properties come with 99-year leases, but these are expected to convert to freehold contracts when the relevant laws are passed by the Government.
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StaffWednesday, December 30 - 2009 at 11:49 UAE local time (GMT+4)
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