New strategy and cancellation of restrictions

New strategy and cancellation of restrictions

  • AX News
  • Issuance of documents confirming ownership, cancellation of restrictions and a new strategy

Dubai started issuing "fractional" property ownership title deeds.

Up to 4 investors can pick up title deeds in a single property under fractional scheme. The fractional ownership rules apply to all projects approved by the Real Estate Regulatory Agency and Dubai Land Department. For the first time, fractional ownership has been launched in the SLS Dubai Hotel & Residences.

The Dubai International Chamber has announced a new strategy for 2022-2024.

Key goals:

  • Attracting 50 multinational companies to the Emirate
  • Supporting the global expansion of 100 local businesses

Cancellation of Covid-19 related restrictions by February 15, 2022

The National Emergency Crisis and Disasters Emergency Management Authority has announced the gradual cancellation of Covid-19 related restrictions by February 15, 2022. Restrictions apply to the capacity of all activities, facilities and events. Sources: Gulf News, The National News

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