Sale of housing, land grants regulated

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued Decree No 1 of 2018 regulating the sale of land and houses granted in Dubai.

The decree aims to provide housing solutions for the beneficiaries of grants and their families, protect households and preserve the demography of citizens’ residential areas.

Pursuant to the decree, the Mohammad Bin Rashid Housing Establishment (MBRHE) may permit the beneficiary of the grant, or his legal representative, to sell the house or land granted to him if the beneficiary owns another house or plot of land or if the house does not satisfy his requirements.

The decree stipulates that the purpose of selling the house or land should be to buy another house or plot of land and the beneficiary must agree in writing to the transaction being supervised by MBRHE.

The beneficiary will not be able to apply for another house or plot of land once the house or land granted to him is sold.

The law also states that the buyer must be a UAE national.