This Occurred On Tuesday As The SEC Meeting Presided Over By The Crown Prince And Deputy Ruler Of Sharjah.
The Sharjah Executive Council (SEC) made a decision allowing all nationalities. To have full ownership of real estate projects without time limitations. The law permits residents of any nation to own real estate in Sharjah for any purpose. The SEC meeting on Tuesday was presided over by Sharjah’s Crown Prince and Deputy Ruler, Sheikh Sultan bin Muhammad bin Sultan Al Qasimi.
The decision basis on a law that His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah. Issued yesterday and continues the executive structure for real estate registration in Sharjah. Law permits only residents of the UAE and Gulf nations to own property in Sharjah. Real estate development areas and projects that adhere to the rules established by the SEC are exceptions.
Real estate registration initiatives seek to keep up with the expansion of this crucial industry. Moreover, offer all nationalities ownership opportunities in a “regulated manner while maintaining stability.” Additionally, the law protects all nationalities of owners and investors. To control Sharjah’s mortgage insurance market, the council released a separate decree.