1. Types of Real Property Interests

The only estates or interests in real property which are capable of subsisting or of being Conveyed or created at law in the Abu Dhabi Global Market are the interests enumerated in subsections (a)-(j) below, with all other estates, interests and charges in or over real property taking effect as equitable interests —

(a) notwithstanding anything to the contrary herein contained, freehold interests in land located within the geographical limits of the Abu Dhabi Global Market;
(b) freehold interests in real property (other than land), consisting of fee simple interests and life estate interests (the latter, as further provided in section 33 of these Regulations);
(c) future interests — Interests in real property that become effective at a future date, including the following and as further provided in Part 5 of these Regulations —
(i) reversion interest — A right by the grantor of a freehold interest to the return of such interest upon the occurrence of a future event that is certain to occur;
(ii) possibility of reverter — A right by the grantor (or such grantor's heirs) of a freehold interest to the return of such interest upon the occurrence of a stated condition;
(iii) right of entry (or power of termination) — A right by the grantor of a freehold interest (or a third party)subject to condition subsequent to repossess or terminate such interest upon the occurrence of a stated condition;
(iv) remainder interest — A right of a person to receive the residue and remainder of a real property following the termination of a life estate or a leasehold interest; and
(v) executory interest — A future interest held by a third party that is not one of the interests described in subsections (i) – (iv);
(d) joint estates — Interests in real property held by more than one person simultaneously as described in Part 5 of these Regulations, including the following —
(i) joint tenancy — Two or more persons' (joint tenants) ownership of a real property interest on an undivided basis and with right of survivorship; and
(ii) tenancy in common — Two or more persons' (tenants in common) ownership of a real property interest in shares agreed among themselves, each tenant in common having the right to possess the entire real property interest;
(e) leasehold — An interest in real property that gives a person (the tenant) the right to use and occupy real property owned or leased by another person (the lessor) pursuant to the terms and provisions of a lease as described in Part 8 of these Regulations. A leasehold interest shall include one or more sub-leasehold interests arising under a leasehold interest (and successive sub-leasehold interests of such sub-leasehold interests, at any tier of ownership). A leasehold interest does not include a license interest, including an occupational license interest, which is not an interest in real property;
(f) strata interests — An interest in one or more Strata Lots pursuant to the Strata Title Regulations 2015;
(g) mortgage — An interest in real property held by a lender (mortgagee) as security for repayment of indebtedness, where default under that indebtedness entitles the mortgagee to foreclose on the secured interest in real property pursuant to the terms and conditions of the mortgage instrument and other documentation relating to the indebtedness and as described in Part 9 of these Regulations;
(h) statutory charge — A statutory charge established by or under applicable law that imposes a restriction on the use of or dealing with the real property as described in Part 10 of these Regulations;
(i) easement — An interest in real property consisting of a non-possessory right of use or entry or benefit (such as light and air) in favour of the owner of one parcel of real property (the dominant tenement, or, in the case of an easement in gross, a person) over another parcel of real property (the servient tenement) as described in Part 11 of these Regulations; and
(j) covenant — An agreement by the owner of real property for the benefit of another person that something is done, will be done, or will not be done in relation to the applicable real property which is intended to bind and burden the applicable real property and as further described in Part 12 of these Regulations.