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Dubai Adds Two Areas to Properties Open for Foreign Ownership

June 21 (Bloomberg) -- 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

To contact the editor responsible for this story: Andrew Blackman at

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