A Musataha Agreement creates a real property right, entitling the holder to construct a building or to invest in, mortgage, lease, sell or purchase a plot of land belonging to a third party for a period of up to 50 years.
The latest additions to the Musataha agreement give private sector investors opportunities to deliver long-term projects in Abu Dhabi, including the development of land owned by the government.
The revised agreement maximises benefits for both the private and public sectors, including the implementation of a highly competitive pricing model with flexible and attractive terms for companies looking to grow in the emirate.
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AED 870 million