ANNOUNCEMENT 21 Jun 2012In June 2012, the government of the United Arab Emirates announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Regulation No. 2 of 2012 (in English), http://www.sheikhmohammed.co.ae/vgn-ext-templating/v/index.jsp?vgnextoid=b66b4bd2e95f7310VgnVCM1000003f64a8c0RCRD&vgnextchannel=2777bc9e88caf210VgnVCM1000004d64a8c0RCRD&date=1340295742403&type=sheikh
UNCTAD report (in English), http://unctad.org/en/PublicationsLibrary/webdiaepcb2012d5_en.pdf
On June 21, 2012, the ruler of the Emirate of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, announced a new regulation, which gives foreign citizens the right to gain ownership of property in two additional plots in the Dubai Investment Park for a maximum period of 85 years.