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The much awaited new real estate law \u2013 No. (3) of 2015 Regulating Real...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-428","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6U","jetpack-related-posts":[{"id":128146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabis-aldar-taps-into-asia-pacific-real-estate-tech-sector-with-investment-into-taronga-ventures\/","url_meta":{"origin":428,"position":0},"title":"Abu Dhabi\u2019s Aldar taps into Asia Pacific real estate tech sector with investment into Taronga Ventures","date":"June 21, 2022","format":false,"excerpt":"\r Aldar will gain access to technology co-investment opportunities providing additional revenue streams and new efficiencies for its portfolio\r \r Source : arabianbusiness.com\r Read more...Abu Dhabi\u2019s Aldar taps into Asia Pacific real estate tech sector with investment into Taronga Ventures","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/06\/Aldar-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":169571,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabis-ihc-seals-major-us-partnership-to-drive-global-investment\/","url_meta":{"origin":428,"position":1},"title":"Abu Dhabi\u2019s IHC seals major US partnership to drive global investment","date":"January 15, 2026","format":false,"excerpt":"\r IHC and DFC will mobilise private-sector capital for critical industries across emerging and frontier markets The post Abu Dhabi\u2019s IHC seals major US partnership to drive global investment appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.\r \r Source : arabianbusiness.com\r Read\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2026\/01\/IHC-DFC-Forge-Global-Investment-Partnership-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":163022,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabis-emirates-driving-company-acquires-22-5-stake-in-mwasalat-holding\/","url_meta":{"origin":428,"position":2},"title":"Abu Dhabi\u2019s Emirates Driving Company acquires 22.5% stake in Mwasalat Holding","date":"October 21, 2025","format":false,"excerpt":"\r The Multiply Group subsidiary has the option to increase its shareholding to 50.6%; 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\nThe much awaited new real estate law \u2013 No. (3) of 2015 Regulating Real Estate Sector in the Emirate of Abu Dhabi \u2013 has now been published, and will take effect as of January 2016. This law is mostly good news for the average person, but as with anything, we will have to see how it is implemented. Here are 10 the most interesting bits from the new regulation for residential buyers and sellers in the emirate\u2019s investment zones:
\n It had been anticipated that this law would introduce some sort of rent cap or calculator as there has been much speculation as to how it might work. However, if it is coming it isn\u2019t in this law, so rents will continue to be set by landlords as the market will allow. Abu Dhabi\u2019s Department of Municipal Affairs (DMA) has been tasked with regulating the real estate sector. The DMA\u2019s responsibilities will include implementing the law, issuing licences, controlling escrow accounts and cancelling real estate projects. The DMA will now essentially perform the same function as RERA in Dubai. Let us hope its regulations (when published) come with some real teeth to dissuade the sharp practices that are still common in the emirate.
\n The law prohibits developers from collecting registration fees from investors and only allows developers to charge administrative fees, which must first be approved by the DMA. This means that the existing customary 2 per cent registration fee applicable on resales would be abolished.
\n\u2022 Owners associations to be createdThe new owners associations will have constitutions, legal status, hold title to common property and be responsible for the property\u2019s repair and maintenance. The new law even states that owners associations will have the right to apply to the courts for an order to sell the unit of an owner who hasn\u2019t paid their services charges.\u2022 Off-plan salesA developer will now not be allowed to sell units off-plan unless it proves that it owns a real estate right over the project land and that it has opened an escrow account for the development. There will also be a requirement for a \u201cdisclosure statement\u201d to be attached to the sale and purchase agreement that provides prescribed information on the development to ensure that purchasers are informed of all the relevant facts before buying.
\n\u2022 Escrow accounts will be set up for off-plan salesOne of the requirements for the sale and marketing of off-plan units will now include that the developer has set up an escrow account. The proceeds from off-plan sales will need to be paid into this account and only taken out in stages to fund construction. Given the restrictions on withdrawals, the developer will effectively have to self-fund (or obtain finance) for the first 20 per cent of construction works. These accounts also apply to existing projects as well, unless the building has reached at least 70 per cent completion.
\n\u2022 Right to terminate an off-plan purchaseOff-plan buyers can terminate their purchase of the unit in the case of \u201csubstantial prejudice\u201d. Certain examples are given in the law, such as substantial changes the specifications contained in the unit SPA or delivery of a unit that is unusable due to fundamental defects in construction. \u2022 Compensation for delayed projectsThe DMA may fine developers to compensate purchasers where the developer is delayed beyond six months. Importantly, this may apply to existing developments depending on the stage of completion. The new law also includes provisions for the cancellation of projects or appointment of a new developer where there is significant delay.
\n\u2022 Building liability for developers There will now be a 10-year liability for developers relating to fundamental structural building defects. It means developers will be legally responsible to fix any defects that manifest 10 years after handover and this will also include a one-year defects liability period. Ben Crompton is the managing director of Crompton Partners Estate Agents
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\nSource : thenational.ae
\nRead more…10 things to know about Abu Dhabi\u2019s new property law<\/a><\/p>\n