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Real estate stocks rose in Abu Dhabi on Thursday after announcing it would allow all foreigners to own land, and real estate, In investment areas after changes to real estate law in the UAE.

Aldar Properties company, Revealed That the registration of residential units in the designated investment areas will be under the Freehold Law in Abu Dhabi, adding that the housing project on Yas Island in Abu Dhabi where the sale of land and real estate can be to all nationalities and sold all land and sales of more than 400 million dirhams 1089 million dollars.

The Emirates news agency "WAM" said on Wednesday, that Abu Dhabi would allow all foreigners to own and dispose of land and property in the investment areas after changes to the real estate law in the emirate.

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Aldar Properties said Quoting a government statement that housing units in the investment areas are now registered under the new law, In the past, foreign investors in Abu Dhabi had been on rent for 99 years.

Chief Executive Officer at ALDAR Properties Talal Al Dhiyebi said In a statement, "This will not only increase the maturity of the real estate market in Abu Dhabi but will also increase the transparency and clarity of property arguments for realtors, increase investment in the long term, inject more liquidity into the market and encourage longer stays".