The UAE has introduced stricter anti-money laundering requirements for real estate professionals and developers. Entities involved in property transactions must now conduct enhanced due diligence on high-risk buyers, including identity verification and source of funds review.
The changes affect transactions involving politically exposed persons (PEPs), large cash payments, and purchases from higher-risk jurisdictions. Firms are expected to maintain detailed records and report suspicious activity in accordance with regulatory standards.
Real estate companies, private client advisors, and service providers should review internal AML controls and ensure training is updated in line with new expectations.
Get in Touch
For more information on how any of these developments may affect your organisation or your clients, please contact Suneer Kumar, Head of Corporate Practice on suneer@alsuwaidi.ae and Vida Grace Serrano, Corporate Senior Associate on Vida@alsuwaidi.ae.
Alsuwaidi & Company’s corporate team advises on a wide range of matters including regulatory compliance, investment structuring, M&A, employment, and tax strategy. We support multinational and regional businesses across sectors with practical, commercially grounded legal guidance.