A new decree to regulate the sale of property grants

In News

Dubai land department

Scroll this

His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President
and the Prime Minister of the United Arab Emirates and the ruler of Dubai,
has recently issued a new decree to regulate the sale of the granted lands
and houses of Emiratis in Dubai.
The Mohammed bin Rashid Housing Establishment (MRHE) allows citizens
that have been granted houses or lands by the government to sell them under
these conditions; if they own another house or a piece of land or if the grant
does not meet their requirement. However, once the beneficiary decides to
sell the grant and go through with it, he is not allowed to apply for another
grant.
In order to be illegible to sell a property grant, the law also stated that the
buyer must be a UAE national. In addition, the property should not be under
any legal or financial liabilities, and finally, the price of the grant is not more
than the market value. Only when these conditions are met, Dubai's
department of land and property will issue the title deeds.
According to the decree, if you are an Emirati that wishes to sell a granted
house or land, you have to fill the required form and apply for a MRHE permit.

Submit a comment

Your email address will not be published. Required fields are marked *

%d bloggers like this: