On the 29th of February Al Tamimi & Company held an information seminar which addressed the Abu Dhabi new property law. Abu Dhabi recently introduced its long-awaited new property law aimed at better regulating the real estate market in Abu Dhabi. The new law, which took effect from 1 January 2016, is a positive step towards attracting increased real estate investment in Abu Dhabi but brings many changes which will affect developers, investors and funders.
Al Tamimi has worked closely with the Department of Municipal Affairs advising on the drafting of the law and its accompanying regulations. Our lawyers provided attendees with an overview of the changes the law introduces and how it will affect those involved in the Abu Dhabi real estate sector.