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AD, no freehold for foreigners
- United Arab Emirates: Sunday, April 02 - 2006 at 07:22
Abu Dhabi will not allow foreigners to own property freehold, and will restrict them to 99-year leases only, Crown Prince Sheikh Mohammad bin Zayed Al Nahyan told reporters yesterday at the official launch of the $15bn Al Raha Beach project. Dubai recently passed a property law legalising freehold ownership for foreigners.
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Peter J. CooperSunday, April 02 - 2006 at 07:22 UAE local time (GMT+4)
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This article was updated on Thu Jun 21 2007.
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