Sharjah amends real estate transfer and ownership ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
Sharjah amends real estate transfer and ownership
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 31
Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Law No. (2) of 2022 on the amendment of Law No. (5) of 2010 on real estate registration in Sharjah. As per the law, the text of Article (4) of Law No. (5) of 2010 will be replaced by the following wording: The right to own real estate in the emirate is limited to persons who are citizens of the UAE and citizens of the Cooperation Council for the Arab States of the Gulf, and as an exception to this, the right of ownership may be granted to others according to the following: Ownership with the agreement of the Ruler Transferring by inheritance by virtue of a legal notification Assignment by the o

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