ABU DHABI – Abu Dhabi Global Market (ADGM) has announced significant enhancements to its Real Property Regulations, introduced new off-plan development regulations, and launched AccessRP, a unified digital platform. These developments follow ADGM’s strategic expansion to Al Reem Island.
The newly established regulatory framework and digital platform are designed to support growth and innovation in the real estate sector while reinforcing ADGM’s global position as a business-friendly environment. This initiative aims to attract both local and international investors, making ADGM a reliable and appealing destination.
The AccessRP platform will drive digital transformation, providing a comprehensive range of unified real estate services, including transaction services and other integrated solutions for developers and property owners. This aims to enhance customer experience and streamline real estate procedures within ADGM’s jurisdiction.
The enhancements to the regulatory framework align with English Common Law and best practices in the region. The new framework ensures transparency and flexibility while strengthening compliance and protecting stakeholder interests. Key updates include regulatory legislation for short-term residential leases, enhanced legislation for off-plan development and sales, escrow arrangements, and a new registration framework for real property professionals such as brokers, valuers, and property managers.
The revamped regulatory framework serves as the foundation for AccessRP, which offers a wide range of real estate services, including real estate transaction services (buying, selling, off-plan sales, leasing, and mortgage services), new developer services (off-plan development, project registration, and project account management), and owner services (certificate issuance and Power of Attorney registrations).
Hamad Sayah Al Mazrouei, CEO of the Registration Authority (RA) of ADGM, stated, “The new enhancements to the real estate regulatory legislation and the digital platform will help attract local and foreign investments to ADGM as the preferred destination to live, work, and invest, paving the way for a new phase of growth, prosperity, and development in the real estate sector.”
Furthermore, the unified digital real estate platform will improve the customer journey, facilitate a smooth transition for companies and beneficiaries of real estate services, and integrate them into ADGM’s ecosystem.
