A “right to use” is a person`s right to hold and use an asset held by another person and to take his products (except proceeds resulting from the conclusion of asset agreements) only for the needs of households. The beneficiary of a right to use cannot give up his right. A “right of residence” has the same characteristics as a right of use, but it applies when it is a dwelling. Usufructs and Musatahas are investment interests that allow exploitation, development or occupation. Nationals of non-MEMBER countries may only hold these shares within the designated investment areas, provided the deadlines apply. A standard form of the musataha agreement has been introduced for use in Abu Dhabi for state ownership. In the past, the government, as a lessor, has given the buyer (usually a developer) (as a tenant) a state lease agreement. Currently, the government is implementing the terms of sale/exchange/subsidy/re-grant/extension based on the purpose of the grant. These are contracts that give the buyer a conditional right which, in accordance with all conditions, is transformed into a form of legal property. After a successful acquisition of the land, the buyer (who is usually a developer) will recoup his investment in construction and make a profit before the life ends.
As soon as a unit is sold or the entire building is sold to a real estate company, the developer ceases to participate. Buyers replace them and can sell their rental custodians or transfer the right to use them to new tenants. The beneficiary of the right of pre-emption is entitled to acquire the property under the same conditions as an offer to purchase from a third party. Abu Dhabi`s real estate laws relating to usufruit and musahas apply to these rights throughout Abu Dhabi, including those within the ADGM, where these rights were established before 3 March 2015 (the date of the entry into force of the provisions of the ADGM) and for which no elections were made by the parties to musataha or usufruit (if any) to transform the corresponding agreement into a lease agreement. Under the provisions of the ADGM, usufruit and musataha rights are not recognized interests and, therefore, no other usufruit or musataha interests will be created under the ADGM after the implementation of the regulations. The primary means of acquiring land use rights for state-owned land is land financing. For land grants, the Landesverwaltungsamt participates in the conclusion of a land-use planning agreement with a single landowner, in which the Landesverwaltungsamt grants land use rights to the land user for a specified period of time in exchange for the payment of a large basic subsidy premium. In addition to the entire property, it is possible to hold property with other parties, even if this is not the case where the parties are not related to each other. In addition, rental interest may be purchased and transferred in the same way as property units, subject to possible restrictions on the lease.
With the exception of rent, a buyer also receives relief, i.e. the non-exclusive right to use another`s land in a particular way for the use of his own land. This is a property interest that can be granted expressly, implicitly or by law. For example, a right of priority and a right to park cars on neighbouring land. The beneficiary of the call option is authorized to acquire the property at any time within the option period at the time of payment of the agreed purchase price.