Article 4 of Law No. 7 of 2006 (“Dubai Property Law”), is the law governing real property ownership in Dubai and provides that the right to own property in the Emirate of Dubai is restricted to UAE (United Arab Emirates) and GCC (Gulf Cooperation Council countries) nationals and to companies wholly owned by them, as well as to public joint stock companies.
However, Article 4 also states that, subject to the approval of the Ruler of Dubai, non-nationals may be granted the following property rights in specific areas of Dubai (hereinafter referred to as “Designated Areas”): Click here to read the full article.