Only UAE and GCC nationals will be allowed to hold a license for real estate offices in the UAE Emirate of Ras Al Khaimah, according to a new law enacted by Sheikh Saud bin Saqr Al Qasimi, crown prince and deputy ruler of the Emirate. Citing resolution number 32 for 2008 on executive regulations of real estate agencies, Al Qasimi said: “The license holder should run the business by himself or by a kin or a partner. He is not allowed to lease the license to any other person.” A banking guarantee worth AED300,000 (€60,000) will be required if the … Continue reading UAE EMIRATE BANS FOREIGN ESTATE AGENTS FROM RUNNING AN AGENCY