VOL. XLIV

No 37

10-September-2001

DUBAI

EmaarGets Government Permission To Sell 99-Year Leases To Foreign Investors

TheGovernment of Dubai has given approval to real estate developers Emaar Companyto sell apartments, villas and land to foreigners under 99-year leases anunprecedented move aimed at facilitating foreign investment in the UAE. Thehead of Dubais Land Registry, Sultan bin Majran, told the press on 16 Augustthat the decision to allow long-term leases will apply to all foreigninvestors...