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To what does the purchase of an apartment or office entitle the new owner?

April 26, 2017apartment entitle Office owner purchase

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To what does the purchase of an apartment or office entitle the new owner?

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The Government of Dubai, in consultation with the Federal Government of the UAE, is currently working on a Federal law covering ownership of property and the corresponding rights of residence in the UAE. Pending the publication of this law, which is expected later in 2005, purchasers of property in The City of Arabia will in effect be purchasing a long-term lease. Dubailand will probably be in a position before long to offer a period of residence to investors and purchasers, as is the practice with Nakheel and Emaar.