Accordingly, pursuant to the Law, Foreign Owners may now own, acquire and dispose of all principal real rights (including freehold
ownership) and accessory real property rights (including mortgage) over real estate properties located within the investment areas of Abu Dhabi.
We asked about buying the freehold
, which they told us would be 25 times the PS150 ground rent.
Long-time resident Sami Elias Ghandour, 69, the first expat in Abu Dhabi to obtain a freehold
title deed when he bought a six-bedroom villa in Hidd Al Saadiyat, says the UAE capital was a natural choice when he decided to retire.
"We are also interested in the agreement that has been made by the new chairman and owner, Leigh Pomlett, and Jeff Bonser, which they say will eventually see the freehold
of the stadium returned to the ownership of the club "The Trust will certainly be asking for details of how that will work and what the prospective time scales are."
Ian told the ECHO that he had to pay out PS50 to Landmark for them to reveal the cost of the freehold
, which was PS15,900 plus legal fees of PS540.
Mr Rice said he paid [pounds sterling]50 to Landmark to find out the cost of the freehold
, which was [pounds sterling]15,900 plus legal fees of [pounds sterling]540.
A spokesman for Landmark said to the ECHO: "Ian was given the option by Elan Homes to acquire the freehold
and did not.
is outright ownership of property and land on which it stands.
Nurton purchased the freehold
for Cornerblock for PS3.5 million when it fell vacant and said it felt now was the right time to sell as it was nearly fully let.
Birmingham-based Nurton Developments has disposed of its freehold
interest in a city centre office complex.
The National Land Council (NLC) will sit on December 3 and the issue whether Perak can give out freehold
titles is expected to be discussed.
The long-running dispute concerns Newcastle homes, many in the city centre's St Thomas area, where the freehold
is owned by the Mary Magdalene and Holy Jesus Trust.