REALWorld Law

Sale and purchase

Ownership restrictions

Are there any legal restrictions on foreign investors acquiring real estate?

United Arab Emirates - Abu Dhabi

United Arab Emirates - Abu Dhabi

Within Abu Dhabi and outside the Abu Dhabi Global Market free zone

Yes, foreign individuals or companies can only acquire property that is located in one of the investment areas of Abu Dhabi. In these areas foreigners can hold the following land interests:

  • Ownership of floors in buildings (but not the land itself). Implementation regulations are awaited and expected to establish the exact rights and terms and conditions of such ownership
  • Usufruct rights (right of exploitation) lasting up to 99 years
  • Musataha rights (development rights) lasting up to 50 years (renewable by mutual consent for a further term of 50 years)
  • Long-term leases with a term of up to 25 years

In April 2019, a new law came into force allowing foreigners and GCC nationals to hold freehold interests (conferring ‘absolute’ ownership) within one of the investment areas.

The Abu Dhabi Executive Council is permitted to designate certain individuals, companies and parties as having the same status as UAE nationals regarding land ownership in the Emirate. This has been done to date for two real estate development companies listed in Abu Dhabi Aldar Properties PJSC and Sorouh Properties PJSC, the two of which have since merged to form one company (being Aldar Properties PJSC). This designation enables these companies to own land interests throughout Abu Dhabi despite them having an element of foreign ownership.

Within the Abu Dhabi Global Market free zone

In the Abu Dhabi Global Market free zone, only GCC citizens and companies wholly own by them may hold a freehold interest in land. There are no restrictions on foreigners purchasing other interests in freehold land, such as units and floors.