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Decree No. (25) of 2022 Amending Decree No. (4) of 2010 Regulating the Transfer of Title to Granted Industrial and Commercial Land in the Emirate of Dubai

Decree No. (25) of 2022 Amending Decree No. (4) of 2010 Regulating the Transfer of Title to Granted Industrial and Commercial Land in the Emirate of Dubai

مرسوم رقم (25) لسنة 2022 بتعديل بعض أحكام المرسوم رقم (4) لسنة 2010

Code
Dubai-Decree-25-2022
Authority
H.H. The Ruler
Category
Business/licensing

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Articles

AI-generated summary — this is NOT the official text of the law and may be inaccurate. Not legal advice; consult the official source.

  1. المادة 1

    Articles (1) and (2) of the Original Decree are hereby superseded by the following: Definitions Article (1) The following words and expressions, wherever mentioned in this Decree, will have the meaning indicated opposite each of them unless the context implies otherwise: Emirate: The Emirate of Dubai. DLD: The Land Department. Granted Land: Any land plot designated for industrial or commercial use and whose usufruct is granted to UAE Nationals. This includes: 1. land plots in respect of which disposition orders are issued; and 2. land plots which are conveyed to others by way of inheritance, assignment, gift, or in return for consideration. Beneficiary: A UAE National who is awarded Granted Land. UAE National: Any person who holds the nationality of the United Arab Emirates. Real Property Project: A project for the development of Granted Land or of any part thereof; the construction of infrastructure and common utilities thereon; subdivision of that Granted Land for the purpose of use; and the construction of residential, commercial, or mixed-use multi-storey buildings that the Beneficiary wishes to develop in accordance with the plans approved for him by the concerned entities in the Emirate. Transfer of Title to Granted Land Article (2) Upon the request of a Beneficiary, the freehold title to his Granted Land may be transferred to him without any restriction on the use, exploitation, or disposition thereof, provided that he has a completed or under-construction Real Property Project on this land. The transfer of title will be subject to the relevant rules and conditions prescribed by the DLD.

  2. المادة 2

    This Decree will be published in the Official Gazette and will come into force on the day on which it is published.

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