The update launched by Abu Dhabi Global Market aims to meet and ensure the needs of the real estate market and keep pace with market developments
to publish Abu Dhabi Global Market today Consultation paper To request opinions on the comprehensive modernization of real estate regulation legislation.
The modernization aims to meet and ensure the needs of the real estate market and keep pace with market developments, which strengthens the position of the Abu Dhabi Global Market as a major supporter of the growth of the real estate sector in the region.
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The market extends a call to obtain opinions and comments on the proposed amendments, which include amendments to real estate ownership legislation for the year 2015, and the launch of new legislation related to the registration of development projects, off-plan sales, and escrow accounts. It also includes the launch of new legislation to regulate owners of real estate professions and development projects, such as brokers, real estate valuers, and managers. Real estate agents who provide their services within the geographical scope of the Abu Dhabi Global Market.
This consultation paper is part of Abu Dhabi Global Market’s strategy to communicate with interested parties at all stages of its journey. It is expected that the paper will be of interest to interested parties in the real estate sector.
The possibility to add opinions and comments to the consultation paper is available until 19 June 2024.
