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Real estate developments worth Dh1 trillion are underway in Abu Dhabi, UAE |
The real estate developments in Abu Dhabi are in excess of Dh1 trillion and there is need to regulate the real estate development activities in the emirate. UAE capital is working to introduce and implement a set of real estate regulations that will become a comprehensive regulatory framework for Abu Dhabi.
The introduction of the escrow law will contribute to the credibility of Abu Dhabi's real estate market. The proper regulation of the real estate laws in the emirate will set a higher benchmark in property development.
With the comprehensive real estate regulatory framework in place, Abu Dhabi will have a separate dedicated body that will be responsible for emirate's real estate. the introduction of stringent realty laws in the UAE capital will enhance the emirate's standing internationally and help real estate brokerages to market products abroad.
