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Abu Dhabi allows foreigners to own land for first time

Abu Dhabi is allowing all foreigners to own land for the first time in its history. The move is meant to boost the slumping property market in the United Arab Emirates capital amid low oil prices and a strong dollar, according to Bloomberg. Abu Dhabi is the country’s second largest city. Its largest city, Dubai, has been in a slump too — home prices there have dropped 25 percent since their peak in 2015. Foreigners […]

source https://therealdeal.com/2019/04/27/abu-dhabi-allows-foreigners-to-own-land-for-first-time/

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