Dubai International Financial Centre New Leasing Law to increase protections for property owners and tenants
Dubai, UAE, 11 January 2019: Dubai International Financial Centre (DIFC), the global 8th ranked international financial centre and leading financial hub in the Middle East, Africa and South Asia (MEASA) region, today announces His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has enacted a new DIFC Leasing Law No. 1 of 2020.
The enactment of DIFC’s new Leasing Law and Regulations will enhance the DIFC’s property market and reflects the Centre’s commitment to maintaining a legal and regulatory framework aligned with international best practice.
DIFC Authority’s newly enacted Leasing Law and Regulations introduces areas of protection and assurance to lessors and lessees entering into leases at properties based in the dynamic financial ecosystem of the DIFC. The new measures ensure the DIFC continues providing an appropriate regulatory environment for international business and commerce to thrive.
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