Dubai has issued Decree No. (25) of 2022 amending some of the articles of Decree No. (4) of 2010 regulating the grant of title to allotted industrial and commercial land in the emirate.
The Decree, which is issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Ruler of Dubai, amends Articles (1) and (2) of the original decree. Article (1) outlines the definitions in the decree, while Article (2) covers the ownership of granted land.
The Decree No. (25) of 2022 is effective from the date of its publication in the Official Gazette, according to the statement.
In accordance with the new text of Article (1) of the Decree, ‘allotted land’ is defined 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. ‘Beneficiary’ is defined as a UAE national to whom land is allotted.
As per the statement, “The new text of Article (2) of the Decree permits granting the allotted land to the beneficiary at his 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.”
Earlier this week, Dubai introduced a new law to regulate the grant of ‘Musataha’ rights on commercial lands in the emirate. The law aims to regulate the use of commercial lands in Dubai by granting the right of Musataha to develop real estate projects.