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.
