Vehicles pass by a tower with a sign that reads, "Keep Calm, No Bubble," at the Marina district in Dubai, United Arab Emirates, Nov. 13, 2013. (AP Photo/Kamran Jebreili)
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Foreigners can own property in Abu Dhabi on a freehold basis in designated investment zones, the emirate announced on Tuesday, seeking to attract more investors to its real estate sector.Residential units in the zones will be registered under Abu Dhabi's freehold law, with property ownership deeds issued to investors, a statement from the Abu Dhabi Municipality said.Previously, foreign investors in Abu Dhabi property were generally limited to leasehold arrangements with 99-year leases.
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