Abu Dhabi: Land development contracts for Aldar Properties residential units in investment zones have been registered with the Municipality of Abu Dhabi City, the Municipality announced in a statement on Tuesday.
These units will be registered under the Freehold Law of the Emirate of Abu Dhabi, and accordingly property ownership deeds will be issued to investors owning these units. This law applies to all owners in Aldar Investment Zone properties and owners will be able to apply for freehold title deeds through the Municipality.
The statement added that this is an important step in the strategic plans aimed at enhancing the property market for investors in Abu Dhabi.
Owaida Al Qubaisi, acting executive director of municipal services at the Municipality, said that these services reflect the rising demand for owning high quality residential units in Abu Dhabi.
“Musataha (land development) contracts allow for the acceptance of applications from property developers within Abu Dhabi Investment Zones, besides issuing all documents necessary for obtaining freehold deeds. The cooperation between the Municipality and Aldar Properties aims to streamline the registration, attestation and delivery of residential unit title deeds within the Investment Zones of Aldar Properties, and step up joint cooperation in the interest of all residents, thus better organising the real estate market in Abu Dhabi Emirate,” Al Qubaisi said.
