Abu Dhabi is contemplating a new law which will allow foreigners to own free hold properties, disclosed a top official. "UAE nationals have already been granted the right to own property," said Khaldoon Khalifa Al Mubarak, CEO of the Mubadala Development Corporation (MDC), an investment arm of the emirate.
According to Khaleej Times, MDC CEO was giving a presentation on corporation's business activities at a meeting organised by the Australian Business Council (ABC) President Brian Daniels, which was attended by some 100 members of the group besides Australian Ambassador to the UAE Noel Campbell.
