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What is the Abu Dhabi Global Market property regime?

The Abu Dhabi Global Market is a financial free zone in Abu Dhabi with its own legal system based on English common law, and it has its own rules on real property within the zone, so property transactions there follow ADGM rules, and I cannot give details of the latest regulations, so check the ADGM's sources.

What It Is

  • ADGM was set up to attract financial firms, with its own courts and regulations, and it has real property regulations that govern interests in land and buildings within its boundaries, such as leases and registration, which differ from the emirate's general regime, and it aims to give investors certainty and clear processes.

How It Works

  • For buyers and investors, the regime affects how ownership or leasehold is held and registered, the dispute resolution, and the taxes and fees, and rules on foreign ownership in Abu Dhabi are separate for areas outside ADGM, so the location of the property matters, and Indian residents also face foreign exchange and tax rules.

What to Check

  • Read the current ADGM real property regulations and the registrar's guidance, use a licensed local lawyer, check the developer's licence and escrow arrangements, understand the type of title, the fees, and the service charges, and also check your Indian remittance limits and tax reporting, before investing.

Location sets the rules, so read the current ADGM property regulations, use a licensed local lawyer, and follow Indian remittance and tax rules.

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