Sharjah24: His Excellency Abdulaziz Al-Shamsi, Director General of Sharjah Real Estate Registration Department (SRERD), praised the decision issued by the Sharjah Executive Council No. (9) of 2022 regarding real estate companies and institutions in the emirate, including their ownership and those benefitting, as the first legislation of its kind in the country, being applied to all enterprises and institutions in the emirate that hold or benefit from real estate in Sharjah, with setting all the conditions and standards that regulate the lands and real estate units included in this real estate activity.
Al-Shamsi lauded the remarkable efforts of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah; and Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, Chairman of the Executive Council, aiming to promote the development of the legal and legislative environment in the real estate sector in the Emirate.
He has further stated the process of submitting the recommendations to the Sharjah Executive Council, lauding the resolution’s approval by the council’s meeting, which was chaired by Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of Sharjah Executive Council (SEC). He also reviewed the issued resolution’s controls and conditions relating, stressing that it will represent a strong push towards giving investors more opportunities to benefit from the advantages and facilities offered to them in the emirate.
Al-Shamsi called on companies and institutions that own or benefit from real estate in the emirate, or wish to own or benefit from the conditions and criteria mentioned in the resolution, to meet its provisions within 6 months.
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