Sheikh Mohammed issues new housing law



Emiratis looking to sell a house or plot of land allocated to them by the government must first apply for a permit from the Mohammed bin Rashid Housing Establishment.

On Thursday, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, issued a decree regulating the sale of land and houses issued in the emirate.

Decree No. 1 of 2018 aims to provide housing solutions for beneficiaries of grants and their families, protect households and preserve the demography of citizens’ residential areas.

According to the decree, an Emirati wishing to sell the land or house granted to them by the government must first apply for a permit from the Mohammed bin Rashid Housing Establishment. The permit will only be granted if the beneficiary owns another house or plot of land or if the house does not satisfy their requirements.

The law stipulates that the house or land can only be sold to buy another house or plot of land and the beneficiary must agree in writing to the transaction while being supervised by the Mohammed Bin Rashid Housing Establishment.

The beneficiary will not be able to apply for another house or plot of land once the house or land granted to them is sold. The Law also states that the buyer must be a UAE national.

The property should not be attached to any legal or financial liabilities and the sale price should not be less than the market value. The Department of Land and Property in Dubai will issue the title deeds for the buyer only if all the conditions for the transaction are met.

Terms and conditions for selling inherited property, trading properties, purchasing adjacent government-owned property and renting a house built on granted land were also laid out in the new law.

The new decree annuls any other legislation that contradicts or challenges its articles and will be valid from the date of its publication in the Official Gazette.

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Transmission: Constant Variable (CVT)

Power: 141bhp 

Torque: 250Nm 

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At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying

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Toyota land Cruiser 2020 5.7L VXR

Engine: 5.7-litre V8

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Power: 362hp

Torque: 530Nm

Price: Dh329,000 (base model 4.0L EXR Dh215,900)

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

While you're here

Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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UAE currency: the story behind the money in your pockets
Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

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Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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