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Expatriates can own property in Umm Al Quwain, Dubai

Posted By Overseas Property Mall On July 29, 2006 @ 9:05 pm In Dubai Property,UAE Property | No Comments

UMM AL QUWAIN — His Highness Shaikh Rashid bin Ahmed Al Mualla, Supreme Council Member and Ruler of Umm Al Quwain, has issued a law, regulating property ownership in the emirate.

The 13-article of Law No. 3 for 2006, states that property ownership in the emirate shall be restricted to UAE and GCC nationals or corporate bodies owned by them.
According to law, expatriates and non-GCC nationals can own property in the emirate but not the land in designated investment areas. They are also entitled to benefit from their ownership of surface property on the basis of 99-year lease contract.

Source: khaleejtimes.com [1]
Related Links: Dubai City Guide to Umm Al Quwain [2]

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URLs in this post:

[1] khaleejtimes.com: http://www.khaleejtimes.com/DisplayArticleNew.asp?xfile=data/business/2006/July/business_July838.xml&section=business

[2] Dubai City Guide to Umm Al Quwain: http://www.dubaicityguide.com/theguides/ummalquwain.asp