The likelihood is that, as the premium supply begins to hit the market in 2006, the federal government will be forced to push through the law. The appointment of Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum as the UAE’s new prime minister also suggests change will occur sooner rather than later. Additionally, Abu Dhabi’s new law regulating the emirate’s property sector clears the way ahead at a federal level. The regulation, issued last March, clarifies the situation on whether nationals can buy and sell property as well as allowing foreigners to purchase homes in specific areas on a 99-year leasehold basis. Along with the anticipated freehold law, Dubai’s banks are aggressively moving into the mortgage market. Repossession rights remain unclear (see page 36), but the authorities hope that once these two issues are resolved, the attraction for expatriates to buy will rise. With high inflation also pushing rents up to exorbitant levels (see page 44), the buyers’ market may well improve. Nevertheless, many expatriates