Real Estate law saves UAE investors

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued Condominium Law on ownership of joint properties in Dubai, reported Gulf News. The law was based on federal Law No. 5 for 1985 on civil transactions and its amendments, Law No 7 of 2006 regarding property registration and order No 3 of 2006 which gives expatriates the right to own properties in designated areas in the emirate.