Sharjah Issues Decision Allowing All Nationalities to Own Real Estate

  • Publish date: Wednesday، 02 November 2022
Sharjah Issues Decision Allowing All Nationalities to Own Real Estate
Related articles
A Plot on Jumeirah Bay Island Sold for AED70 Million
Ruler of Sharjah Issues Decree to Establish University of Khorfakkan
Sharjah Allows Private Schools Principles To Adapt Distance Learning

Sharjah Executive Council (SEC) issued a decision allowing all nationalities to own real estate of all kinds without limitation of time in real estate development areas and projects.

The meeting was chaired on Tuesday by  H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah, and Chairman of the Sharjah Executive Council (SEC), in the presence of H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah. 

Based on Law No. (2) of 2022, which was issued yesterday, the decision represents a continuation of efforts to enhance the legal framework for real estate registration in the Emirate of Sharjah.

The development of real estate registration legislation aims to keep pace with the significant growth in this vital and important sector and to provide opportunities for ownership of all nationalities in an organised manner.

The council also issued a decision regulating the insurance mortgage of real estate in the Emirate of Sharjah, including the conditions and procedures for registering the mortgage.