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| Dubai |
The Land Department of Dubai has ruled that UAE nationals and GCC nationals can possess lands and buildings in Dubai. Non-GCC nationals can buy lands through Emaar Real Estate Company, Palm Project or Jumeirah Projects.
A land or property can be purchased in the name of a company on the condition that this company or establishment is registered at the competent authorities, and wholly-owned by a UAE national (100% ownership).
And as per the laws of the Land Department, Dubai it is impermissible to dispose of the lands donated to the UAE nationals unless permission is obtained from H. H. the Ruler. The decree that allows donated-lands to be disposed is called "No Hindrance of Disposal.” A person donated a land by the Ruler may mortgage such land at the banks duly licensed to operate in Dubai. Mortgage should be made against the construction on the mortgaged land provided that the mortgage is equivalent to the loan value.
