News | UAE

More than 57,000 tenancy contracts registered

Registration system to regulate real estate market in Abu Dhabi city

  • Staff Report
  • Published: 18:32 November 21, 2012
  • Gulf News

Abu Dhabi: More than 57,000 tenancy contracts for leasable units in the capital are now registered with the Municipality of Abu Dhabi City, the municipality announced in a statement on Wednesday.

The contracts are registered within the municipality’s Tawtheeq system, which aims to regulate the real estate market in Abu Dhabi City.

The capital has nearly 280,000 leasable units, and nearly 21 per cent of these units and their relevant tenancy contracts have been registered, the statement said.

In addition to tenancy contracts, nearly 200 property management firms are also enrolled within the system.

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