In a significant move to bolster economic integration across the Emirates, Dubai has opened its real estate market to companies registered within the Umm Al Quwain Free Trade Zone (UAQ FTZ). This landmark development follows a Memorandum of Cooperation (MoC) signed between UAQ FTZ and the Dubai Land Department (DLD).
The agreement establishes a clear legal and operational framework that now permits UAQ FTZ-registered companies to legally acquire and register freehold properties in Dubai under their business name. This strategic collaboration is expected to empower businesses by granting them direct access to Dubai’s thriving and resilient real estate sector.
Sheikh Mansoor Bin Ibrahim Al Mu’alla, Executive Director of Umm Al Quwain Free Trade Zone Authority, highlighted the significance, stating, “We are proud to lead with purpose and enable our investors to participate in Dubai’s thriving real estate sector with full legal clarity and institutional support.”
Johnson M. George, General Manager of UAQ FTZ, added, “This is a transformative step for the businesses we support… This collaboration now gives our license holders the power to secure real estate assets in Dubai, aligning with their growth ambitions and offering long-term operational stability.”
The newly established framework facilitates direct freehold ownership under the company’s name, streamlines registrations through integrated digital systems, and ensures transparency in property ownership transfers. Both UAQ FTZ and DLD have also committed to ongoing regulatory coordination, reinforcing adherence to anti-money laundering and counter-terrorism financing standards.
Majid Saqer Almarri, CEO of the Real Estate Registration Sector at Dubai Land Department, commented, “This partnership reflects Dubai Land Department’s commitment to enabling real estate investment across the UAE through collaboration and innovation. We’re proud to work with UAQ FTZ to provide a seamless and legally sound framework that supports business expansion while upholding regulatory excellence.”
This initiative aligns with the UAE’s broader economic diversification goals and its efforts to attract increased foreign direct investment.
Key Highlights:
- Dubai has opened its real estate market to companies registered in the Umm Al Quwain Free Trade Zone (UAQ FTZ).
- This follows a new agreement between UAQ FTZ and the Dubai Land Department (DLD).
- UAQ FTZ companies can now legally own and register freehold property in Dubai.
- The move aims to enhance inter-emirate economic activity and support business growth.