The Dubai International Financial Centre Authority has announced it has launched a consultation on proposed amendments to its Real Property Regulations. The consultation ends on 22 February 2014.

If adopted, the proposed amendments would increase the freehold transfer fee from 3.5 to 6%, would bring the free zone into line with international benchmarking and address International Monetary Fund concerns over overinflated markets and the long term stability of the free zone’s property market.

DIFC Amends Real Property Regulations was last modified: January 7th, 2018 by Fichte Legal