Home RSS
Real Estate

Registering property in the UAE easiest in the world: World Bank

Shuchita Kapur Emirates 247
The cost of registering property in the UAE is also very competitive. (SUPPLIED)

The cost of registering property in the UAE is also very competitive. (SUPPLIED)

The UAE leads the world on the ‘ease of registering property’ indicator, part of a new World Bank report that ranks 183 countries globally on key aspects of business regulation for domestic firms.

In the past year, governments in 117 economies carried out 216 regulatory reforms aimed at making it easier to start and operate a business, strengthening transparency and property rights, and improving the efficiency of commercial dispute resolution and bankruptcy procedures, according to the report titled Doing Business 2011: Making a Difference for Entrepreneurs, the eighth in a series of annual reports published by IFC and the World Bank.

Registering property is one of the fundamental requirements for starting and running a business in any part of the world, and it is easiest and speediest to register property in the UAE, the report reveals. “Ensuring formal property rights is fundamental,” the report maintains. “Effective administration of land is part of that. If formal property transfer is too costly or complicated, formal titles might go informal again,” it said.


Add your comment
  Anonymous comment
  Remember me on this computer

Send me by email any answer to my comment
Send me by email every new comment to this article

Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.