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A bird's eye view of Sharjah.

PHOTO BY ARCHIVE


Sharjah changes real estate ownership law: Can expats now own property in emirate?

The Ruler of Sharjah has amended the law on real estate ownership in the emirate, limiting the right to own real estate in the emirate to Emiratis and GCC citizens, with some exemptions.

An exemption will be granted in cases where ownership is done in agreement with the Sharjah ruler; if the property ownership is by inheritance with legal notification; if the owner assigns new ownership of the property to a first-degree relative in accordance to the law; or if the property ownership is in real estate development areas and projects approved by the Sharjah Council.

Expatriates or foreign nationals, or companies owned by foreign nationals do not have the right to own real estate in Sharjah, but they will be allowed to have a 100-year lease on the property after registering with the Sharjah Real Estate Registration Department.

Under the updated law, a person who owns real estate in the emirate must inform the Real Estate Registration Department of any change in the ownership, and correct any contravening situation in case of adding a partner or transferring ownership to persons who are not entitled to own real estate in Sharjah. ICA/Expat Media


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