Abu Dhabi, UAE: Abu Dhabi Global Market (ADGM), the International Financial Centre of the UAE’s capital, has published a Consultation Paper to seek views on its proposals on the comprehensive revamp of its real property regulatory framework. This regulatory revamp addresses market needs and ensures we stay aligned with market developments, ultimately positioning ADGM Real Property regulation as best-in-class support the growth of the real estate sector.

ADGM seeks input on the following proposed amendments:

  1. amendments to its Real Property Regulations 2015 focused on protections for tenants in short-term residential leases;
  2. introduction of a new framework for the registration of off-plan development projects, off-plan sales, and Project Accounts.
  3. introduction of a framework for registering off-plan and real property professionals, such as brokers, valuers and property managers, who provide services within ADGM’s jurisdiction.

This Consultation Paper is part of ADGM’s strategy to r engage with our stakeholders at every stage of our journey.

To view full details of the Consultation Paper, please click here.

The Consultation Paper is open for feedback until 19th June 2024.

About Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market (ADGM) is the international financial centre (IFC) of the capital city of the United Arab Emirates, which opened for business on 21 October 2015. ADGM augments Abu Dhabi’s position as a leading financial centre and a business hub serving as a strategic link between the growing economies of the Middle East, Africa, South Asia, and the rest of the world.

Operating within an international regulatory framework based on the direct application of English Common Law, ADGM governs the entirety of Al Maryah Island and Al Reem Island collectively designated as the financial free zone of Abu Dhabi.

ADGM is ranked as one of the most preferred and top-ranking IFCs in the Middle East and Africa region and named MENA’s largest Fintech hub. Its progressive and inclusive business ecosystem gravitates toward global financial and non-financial institutions whilst leveraging synergies between ADGM and multiple jurisdictions positioned as one of the world’s most advanced, diverse, and progressively governed financial hubs.

For more details on ADGM, please visit www.adgm.com or follow us on Twitter and Instagram: @adglobalmarket and LinkedIn: @Abu Dhabi Global Market (ADGM)

For media queries please contact: 
Simon Hailes 
Managing Director Middle East  
Edelman Smithfield
M: +971 50 973 1173
E: simon.hailes@edelmansmithfield.com  

Kaja Mhisen
Corporate Communications, ADGM 
E: media@adgm.com