Regulation No. (2) of 2012
Adding New Areas for
Ownership of Real Property by
Non-UAE Nationals in the Emirate of Dubai[1]
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We, Mohammed bin Rashid Al
Maktoum, Ruler of Dubai,
After perusal of:
Law No. (7) of 2006 Concerning
Real Property Registration in the Emirate of Dubai; and
Regulation No. (3) of 2006
Determining Areas for Ownership of Real Property by Non-UAE Nationals in the
Emirate of Dubai and its amendments,
Do hereby issue the
following Regulation.
A non-UAE national may
acquire the right of usufruct for a period up to eighty-five (85) years over
the Real Property existing on the Land Plot No. (1) located within Dubai
Investment Park First, and the Land Plot No. (1) located within Dubai
Investment Park Second, whose boundaries and areas are demarcated in the plans
attached to this Regulation.
This Regulation comes into
force on the day on which it is issued, and will be published in the Official
Gazette.
Mohammed
bin Rashid Al Maktoum
Ruler
of Dubai
Issued in Dubai on 7 June 2012
Corresponding to 17 Rajab 1433 A.H.
©2019 The Supreme
Legislation Committee in the Emirate of Dubai
[1] Every effort has been made to produce an
accurate and complete English version of this legislation. However, for the
purpose of its interpretation and application, reference must be made to the
original Arabic text. In case of conflict, the Arabic text will prevail.