In a bid to improve its real estate regulation legislation, Abu Dhabi Global Market has released a consultation paper seeking feedback from the public. The goal of these modernizations is to better serve the needs of the real estate market and adapt to market trends, thus solidifying Abu Dhabi Global Market’s role as a key supporter of the real estate sector in the region.
The proposed amendments include updates to real estate ownership laws from 2015, new regulations for development project registration, off-plan sales, and escrow accounts, as well as regulations for real estate professionals and development projects like brokers.
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