Dubai Law·2 of 2012
Law ID
dubai-regulation-2012-2
Plain-language summary
Permits non-UAE nationals to acquire usufruct rights for up to eighty-five years over real property in Dubai Investment Park First.
Synced from the official UAE Legislation portal · Plain-language summary by the LEXAI editorial team
Article-level text
2 articles
1
Article (1) 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.
2
Article (2) 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 ©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.
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Regulation No. (2) of 2012 Adding New Areas for Ownership of Real Property by Non-UAE Nationals in the Emirate of Dubai Page 2 of 3 Issued in Dubai on 7 June 2012 Corresponding to 17 Rajab 1433 A.H.
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Regulation No. (2) of 2012 Adding New Areas for Ownership of Real Property by Non-UAE Nationals in the Emirate of Dubai Page 3 of 3
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Note: This legislation is sourced from the Dubai Legislation Portal (dlp.dubai.gov.ae). The original Arabic text is the authoritative version.
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