Bloomberg News

Dubai Adds Two Areas to Properties Open for Foreign Ownership

June 21, 2012

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


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