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16 Jan 2020 Published in: News,

Dubai’s DIFC legislates new leasing law to protect property owners, tenants

The new laws will offer a regulatory environment in line with common legislations and onshore Dubai practices.

Dubai International Financial Centre (DIFC), announced the enactment of a new leasing law to enhance its property market.

The legislation of DIFC’s new leasing law and regulations – enacted by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai – aims to protect lessors/lessees entering into leases of properties based within DIFC’s ecosystem, as well as to offer a regulatory environment for international businesses to thrive, a statement said.

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