Abu Dhabi Administrative Decision No. 250 of 2015 On the Issuance of the Executive Regulation of the Escrow Account of the Project Pursuant to Abu Dhabi Law No. 3 of 2015 Concerning the Regulation of the Real Estate Sector in the Emirate of Abu Dhabi

The Chairman of the Department of Municipal Affairs,

- Pursuant to the perusal of Abu Dhabi Law No. 1 of 1974 on the Reorganisation of the Government Apparatus in the Emirate of Abu Dhabi and its amendments;

- Abu Dhabi Law No. 3 of 2005 on the regulation of the real estate registration in the Emirate of Abu Dhabi,

- Abu Dhabi Law No. 19 of 2005 on real estate ownership and its amendments;

- Abu Dhabi Law No. 9 of 2007 on the establishment of the Department of Municipal Affairs;

- Abu Dhabi Law No. 3 of 2015 concerning the regulation of the Real Estate Sector in the Emirate of Abu Dhabi; and Based on the proposal made to the Executive Council and its approval by said Council, Issued the following Decision:

Article 1 — Definitions

In application of the provisions of the present Regulation, the following terms and expressions shall have the meanings assigned thereto unless the context requires otherwise:

Emirate: Emirate of Abu Dhabi.