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The provisions of this law are applicable to the real estate located in the emirate of Sharjah.
According to the law, the Department of Real Estate Registration and branch offices in Sharjah are only institutions tasked with registration of contracts, papers and documents relating to the real estate in the emirate. They will maintain real estate records and recording of dispositions, preparing printed contracts that require the provisions of this law and other
related matters.
The law has limited the right to own real estate in the emirate to the UAE nationals and nationals of GCC Gulf Arab states and corporate bodies fully owned by them. But the exception may be granted by Ruler to own property through the inheritance transition in accordance with Shariah declaration, legitimate or waiver of the owner to a relative of the first degree as prescribed by executive regulations of this law.
It added that the transfer of property ownership will not be legal unless bill of ownership is valid and registered in accordance with the provisions of the law.
The law stressed that all real estate transactions, which were effected legally before this law comes into force, are legally valid.
In accordance with the law and upon request of the department a committee or more committees named ‘ownership verification committee’, would be composed of efficient UAE nationals with integrity. The committee/ committees will directly report to the department. This law will be effective from the date of publishing in the Official Gazette.
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