Consultation Paper No. 6 of 2015: Real Property Regulations & Strata Title Regulations -

On 6 January 2015, the Abu Dhabi Global Market (“ADGM”), the newly created free-zone and international financial centre located on Al Maryah Islands, Abu Dhabi, issued six consultation papers proposing new legislation for ADGM. This Client Alert provides an analysis of the proposals set out in Consultation Paper No. 6 of 2015 relating to the Real Property Regulations and the Strata Title Regulations.

Real Property Regulations -

The stated aim of the Real Property Regulations is to reflect a modified “torrens”- type real property registration regime for Al Maryah Island similar to a number of other jurisdictions including Australia, Canada, New Zealand, Ireland, Singapore and a number of States in the U.S. A torrens-title system is an “absolute title by registration” system whereby registration of title is conclusive evidence of title subject to limited exemptions specified under law and a similar system was adopted by the Dubai International Financial Centre Authority (“DIFC”) to provide investors greater certainty with respect to property interests in the DIFC.