The long-awaited real estate law aimed at regulating the real estate industry in the Emirate of Abu Dhabi has been released amid much enthusiasm with industry participants hoping it will give impetus to the real estate industry by providing additional clarity and legal certainty.
The enactment of the law represents a watershed in the Abu Dhabi real estate industry, particularly in the ‘Investment Areas’ where the absence of a real estate law has been keenly felt.
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