CMA Decision No. 21/CEO of 2025 · UAE Federal
Amending instrument recorded in the amendment notes of the Investment Funds Regulation (CMA Decision No. 1/Chairman of 2023). The CMA has consolidated its changes into that text and keeps this instrument in its archive of amending regulations.
Administrative Resolution No. 21/CEO of 2025 is listed in the CMA Rulebook as an amending instrument of the Investment Funds Regulation (Chairman's Resolution No. 01/Chairman of 2023), in force from 24 April 2025; the listing gives no issue date. The CMA does not publish its text; its change appears only in the consolidated Investment Funds Regulation.
The notes in that consolidated text attribute one change to this resolution: clause 6(c) of section 5 of Appendix 2, which deals with the real estate investment fund. Clause 6 sets the investment requirements for a local public real estate fund, and clause 6(c), as it now reads, ties the price at which the fund buys or sells a property to the valuation the fund manager obtains from the property appraiser, within a 5% margin. The earlier wording is not published, so the consolidated regulation is the only statement of the current rule.
Local public real estate investment funds licensed by the CMA, their fund managers and boards, and the property appraisers whose valuations set the limits on purchase and sale prices.
Clients who sell property to, or buy units in, a UAE public real estate fund ask how the fund's price is controlled; this is the clause that governs it. Polaris is not licensed by the CMA and does not manage funds or value property; we explain the rules, form and administer the client's property-holding companies, coordinate with licensed fund managers and appraisers, and keep corporate, UBO and AML records in order.
| Amends | CMA Decision No. 1/Chairman of 2023 |
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