Online Signature Lawfulness for Hold Harmless in UAE

How to eSign a document: online signature lawfulness for Hold Harmless in UAE

good news for all the real-estate enthusiasts who are watching this right now if you don't know about Abu Dhabi's freehold Lord that was introduced earlier this year then I am going to break it down for you today Abu Dhabi governments announced a new free whole law that allows foreigners to own freehold property in designated areas as with most of these real estate regulations that we've seen in the past year this is also being done to increase foreign direct investment and of course boost the economy previously only GCC nationals could own freehold property with foreign investors in Abu Dhabi limited to 99-year leases so what are these designated areas raha Beach dream island al reef Lulu Island sadhya Thailand yeah silence Isle sadirah master sri al Mariah Island alfalla Fahad island he'd Al Saud yacht al jerf in contood Nuri Island Bell Island al sham car and palace breakwater wow that was a mouthful this law is likely to have a huge impact on banks and real estate developers I'm gonna quote Arika mom who's a head of real estate in Middle East at Clifford Chance it will have an impact on banks because banks financing those developers will have to do less due diligence they will find these properties and projects perhaps more bankable not saying that this is some competition of any sort but the legal changes will also help to level the playing field between Abu Dhabi and Dubai where foreigners are already allowed to buy freehold property in investment zones there definitely are a lot of advantages of buying freehold property including a complete control over property units and the land ie owners can make as many changes as they want me an aspect of inheritance to that is you can pass it on to your heir and it can stay within the family dream you can even sell or lease it out at your own discretion and finally you get a renewable you a residence visa basically you have more control over the property ask pair to a leasehold contract so you know under release hold agreement and owner takes the title of a leasehold property for a fixed term but does not own the land on which the property is built while freehold ownership offers an investor a direct title of ownership of the property and the land on which it is built but one question still remains and that is what's going to happen through existing real estate owners well once there's clarity from the government on this I will make sure that we bring to you the answer for that until then follow the space and don't forget to hit that subscribe button