Dubai has amended the rules governing the granting of titles to allotted industrial and commercial land in the emirate, it was announced on Friday.
The new ruling, issued by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, amends articles (1) and (2) of the decree No. (4) of 2010.
Article 1 of the original decree outlines the definitions, while article 2 covers the ownership of granted land in the emirate, the Dubai Media Office said in a statement.
The new decree defines “allotted land” as land plots allocated for industrial or commercial use whose “usufruct right is awarded to UAE nationals, including land subject to an order of disposition and allotted land transferred to third parties by way of succession, assignment, donation or in return for consideration”.
A “beneficiary” is defined as a UAE citizen to whom land is allotted, according to the statement.
The amended decree permits granting the allotted land to the beneficiary at their request on a freehold basis and without any restriction on its “use, exploitation or disposition, provided the allotted land includes the real estate project — either completed or under construction — in accordance with the rules and regulations of the Dubai Land Department”, it added.
Dubai, the commercial and tourism hub of the Middle East, continues to streamline its property regulations as the real estate market bounces back amid a strong economic rebound from the pandemic-driven slowdown.
Dubai ranked first in the world for improving real estate transparency in the 2020-2022 period, followed by Abu Dhabi, France, the Netherlands, the US, Germany and India, a report released last week showed.
On Wednesday, the emirate introduced new regulations to govern the granting of “Musataha” rights on commercial lands in Dubai to promote its status as a preferred global real estate investment destination.
A Musataha is a specific type of investment partnership between the public and the private sectors, granting an investor rights to develop a particular plot of land for a defined period of time.
As per the law, the Musataha agreement creates a real property right that entitles its holder to construct a building or invest in, mortgage, lease, sell, or purchase a plot of land belonging to a third party for a period of up to 35 years. The agreement can be extended for a maximum of 50 years.
The move is aimed at promoting Dubai’s status as a preferred global real estate investment destination.
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
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The Sky Is Pink
Director: Shonali Bose
Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf
Three stars
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Man of the Match: Djibril Sidibe (Everton)
The Limehouse Golem
Director: Juan Carlos Medina
Cast: Olivia Cooke, Bill Nighy, Douglas Booth
Three stars
Seven tips from Emirates NBD
1. Never respond to e-mails, calls or messages asking for account, card or internet banking details
2. Never store a card PIN (personal identification number) in your mobile or in your wallet
3. Ensure online shopping websites are secure and verified before providing card details
4. Change passwords periodically as a precautionary measure
5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties
6. Track bank notifications regarding transaction discrepancies
7. Report lost or stolen debit and credit cards immediately
Defending champions
World Series: South Africa
Women’s World Series: Australia
Gulf Men’s League: Dubai Exiles
Gulf Men’s Social: Mediclinic Barrelhouse Warriors
Gulf Vets: Jebel Ali Dragons Veterans
Gulf Women: Dubai Sports City Eagles
Gulf Under 19: British School Al Khubairat
Gulf Under 19 Girls: Dubai Exiles
UAE National Schools: Al Safa School
International Invitational: Speranza 22
International Vets: Joining Jack
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
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Killing of Qassem Suleimani
Killing of Qassem Suleimani
