A decision was issued by the UAE Vice-President and Prime Minister and Ruler of Dubai, Sheikh Mohamed Bin Rashid Al Maktoum, to allow foreigners to own three new land plots in Dubai World Central, Gulf News reported.
“The decision grants non-UAE nationals the rights to absolute ownership, without a specific time frame, of lands and properties located in land plots number (205), (206) and (207) in the Dubai World Central area (521),” the Dubai Media Office stated, adding that it was made to support growth in the Dubai World Central area, which is where Dubai’s mega airport Al Maktoum International will be located, and will be where Dubai hosts Expo 2020.
The decision allows foreigners the right to benefit from and lease lands, and properties in these plots for not more than 99 years, said a statement by state news agency WAM.
The decision was also made made to support Dubai Aviation City’s objectives to grow the aviation sector in Dubai.