Executive Council Resolution No. (36) of 2024 Forming the Real Estate Investment Funds Committee

المادة 1

The Real Estate Investment Funds Committee (the “REIFC”) is hereby formed under the chairmanship of Mr. Majid Saqr Abdullah Al Marri, and with the membership of: 1. Mr. Hadi Mohammed Taher Badri, as vice chairman; 2. Dr. Abdullah Mohammed Al Saigh Al Ghafri, as Member; 3. Mr. Khalifa Ahmed Rabaa Al Shehhi, as Member; 4. Mr. Abdulla Yaqoob Sayed Ahmed Al Hashimi, as Member; 5. Mrs. Mariam Obaid Humaid Al Muhairi, as Member; and 6. Mr. Hussain Mohammed Al Banna, as Member.

المادة 2

The provisions of the above-mentioned Decree No. (1) of 2023 and the resolutions issued in pursuance thereof apply to all matters related to the governance of the REIFC; the procedures for convening its meetings and passing its resolutions and recommendations; the confidentiality of information; and the obligations and duties of the Chairman, Members, and Rapporteur of the REIFC.

المادة 3

The Chairman of the REIFC will submit periodic reports to the Executive Council on the outcomes of the REIFC’s work.

المادة 4

The Land Department will provide administrative and technical support to the REIFC to enable it to perform its functions under the above-mentioned Decree No. (22) of 2022, the resolutions issued in pursuance thereof, and other legislation in force in the Emirate of Dubai.

المادة 5

All Government Entities in the Emirate of Dubai must fully cooperate with the REIFC and its sub-committees and work teams; and must provide the REIFC with the data, information, documents, statistics, and studies it requests and deems necessary to enable it to exercise its duties and functions under the above-mentioned Decree No. (22) of 2022, the resolutions issued in pursuance thereof, and other legislation in force in the Emirate.

المادة 6

The Chairman of the REIFC will issue the resolutions required for the implementation of the provisions of this Resolution.

المادة 7

This Resolution comes into force on the day on which it is issued, and will be published in the Official Gazette.