Full real estate ownership for all nationalities is now allowed in Sharjah | Coming Soon in UAE

Join our Telegram Channel to receive updates faster!

To get your personalized content feed, feel free to register, sign in and select what interests you in your Preferences.

Full real estate ownership for all nationalities is now allowed in Sharjah

Full real estate ownership for all nationalities is now allowed in Sharjah - Coming Soon in UAE
11 November 2022
5 minutes to read

Full ownership with no time restrictions in real estate projects is now open for all nationalities.

This decision came as Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, chaired a meeting at Sharjah Executive Council (SEC). The decree issued later allowed citizens of any country to own real estate of all kinds and uses in Sharjah.

 

The decision is a continuation of the executive structure for real estate registration in Sharjah and based on a law issued by His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, yesterday. According to the law, the right to own real estate in Sharjah is limited to citizens of the UAE and Gulf states. One of the exceptions is real estate development areas and projects in accordance with the regulations set by the SEC.

The real estate registration developments aim to keep up with the growth of this vital sector and to provide ownership opportunities to all nationalities in a “regulated fashion while maintaining stability”. The legislations also protect the rights of owners and investors of all nationalities.

The council has issued a separate decree to regulate the insurance of mortgage in Sharjah.

 

Sharjah is considered the cultural capital of the country – an abundance of unique museums, galleries, and theaters can impress anyone. The rapid heyday of trade in the 19th century made the city one of the most important seaports in the region.

Article Categories

Article Tags

Related Articles

Why Finding the Best Real Estate Agents in Dubai Isn’t as Hard as You Think? - Coming Soon in UAE Why Finding the Best Real Estate Agents in Dubai Isn’t as Hard as You Think?
02 May 2024
For those who are unfamiliar with Dubai, negotiating the complexities of Dubai's real estate market may be intimidating yet exhilarating, much like navigating a wide desert. Dubai real estate agents can serve as your knowledgeable advisers in this situation.
Palm Jebel Ali: Project Overview - Coming Soon in UAE Palm Jebel Ali: Project Overview
23 April 2024
Dubai, the exemplification of extravagance and advancement, never quits to astonish the world with its impressive undertakings. Among its wonders stands the Palm Jebel Ali, a stunning man-made island that vows to reclassify extravagant living.
Top 5 Best OFF Plan Projects for Investment in JVC Dubai - Coming Soon in UAE Top 5 Best OFF Plan Projects for Investment in JVC Dubai
11 April 2024
Jumeirah Village Circle (JVC) in Dubai has arisen as a prime location for real estate investment, offering a blend of affordability, modern amenities, and promising returns. With a range of off-plan projects in the pipeline, investors have ample opportunities to capitalize on this thriving community. Here, we delve into the top 5 off-plan projects that stand out in JVC:
Investing in Dubai’s Property Market: A Closer Look at 4 Top Neighborhoods - Coming Soon in UAE Investing in Dubai’s Property Market: A Closer Look at 4 Top Neighborhoods
23 January 2024
Over the years, Dubai’s real estate market has become a profitable venture, luring in local and foreign investors with the promise of high returns, favorable tax policies, robust infrastructure and a cosmopolitan lifestyle that rivals some of the world’s most prominent cities. The emirate’s property market continues to grow in demand and is currently one […]