Dubai Adds Two Areas to Properties Open for Foreign Ownership

Dubai’s Ruler Sheikh Mohammed bin Rashid Al Maktoum increased properties open for foreign ownership on leasehold basis, according to a decree posted on his website.

Foreigners will have the right to benefit from properties on a plot in Dubai Investment Park 1 and another in Dubai Investment Park 2 for 85 years, according to the decree.

To contact the reporter on this story: Zainab Fattah in Dubai at zfattah@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.