UAE real estate: Dubai considers rent-to-own, multiple owners scheme | ZAWYA MENA Edition:
Dubai is working on a host of new initiatives and regulations such as a rent-to-own system, partial title deeds that will allow multiple ownerships in a property, the launch of collective real estate investment funds and investment portfolio applications in order to give fillip to the local real estate market.
These initiatives will bring in more liquidity into the real estate market which has been persistently going down due to falling demand over the last few years.
Rent-to-own system, already in place in developed markets, will significantly enhance the emirate's position among top realty markets. Interestingly, some of the developers are already offering this facility to tenants in the UAE.
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