The 40-article law

The 40-article draft law covers five broad areas: title and ownership of title; areas nationals and foreigners can own; granting the right to own units in an apartment or condominium; long-term leases; and mortgages. The law also gives UAE and GCC nationals the unhindered right to buy property anywhere in Dubai.

A sub-clause allows foreigners to own properties with "The Ruler"s consent" which will cover properties of the major freehold developers: Emaar, Nakheel and Dubai Properties. Foreigners may also request special permission from The Ruler to buy properties outside of the designated areas.

Another article formalizes long-term leases and stipulates that leases of longer than five years have to be registered with the Dubai Land Department.