In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued Decree No. (23) of 2022 regulating the grant of \u2018Musataha\u2019 rights on commercial lands in Dubai.<\/p>\n\n\n\n
The Decree regulates the use of commercial lands in Dubai by granting the right of \u2018Musataha\u2019 to develop real estate projects. The new legislation forms part of the emirate\u2019s efforts to consolidate Dubai\u2019s status as a preferred global real estate investment destination.<\/p>\n\n\n\n
As per the Decree, the \u2018Musataha\u2019 agreement creates a real property right that entitles its holder to construct a building or invest in, mortgage, lease, sell, or purchase a plot of land belonging to a third party for a period of up to 35 years. The agreement can be extended to a maximum of 50 years. The request for renewal has to be submitted two years ahead of the agreement\u2019s expiry date.<\/p>\n\n\n\n
The holder of the agreement has to abide by a number of rules and regulations. These include not changing the use of commercial land without obtaining the prior approval of the owner. Additionally, the holder of the agreement should register the agreement with the Dubai Land Department registry or the Dubai International Financial Centre (DIFC) registry.<\/p>\n\n\n\n
The Dubai Land Department is mandated to specify the terms and conditions, and responsibilities of parties in \u2018Musataha\u2019 agreements. Its other functions include identifying commercial land plots for which \u2018Musataha\u2019 agreements can be signed, in coordination with relevant government entities. The Dubai Land Department is authorised to conduct inspections of commercial land plots to ensure full compliance with the \u2018Musataha\u2019 agreement.<\/p>\n\n\n\n
The Dubai Land Department is also tasked with facilitating the amicable resolution of any conflicts that may arise due to complaints and grievances, without violating the provisions and amendments of the Government Claims Act No. (3) of 1996.<\/p>\n\n\n\n
The Decree stipulates the establishment of a specific registry for \u2018Musataha\u2019 agreements at the Dubai Land Department. It also lists fines that will be charged for failure to issue a certificate of completion for projects built on commercial land under the purview of the agreement.<\/p>\n\n\n\n
The Decree is effective from its date of publication in the Official Gazette.<\/p>\n","protected":false},"excerpt":{"rendered":"
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued Decree No. (23) of 2022 regulating the grant of \u2018Musataha\u2019 rights on commercial lands in Dubai. The Decree regulates the use of commercial lands in Dubai by granting the right …<\/p>\n","protected":false},"author":2,"featured_media":47896,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47895","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news"],"_links":{"self":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/47895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/comments?post=47895"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/47895\/revisions"}],"predecessor-version":[{"id":47897,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/47895\/revisions\/47897"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/47896"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=47895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=47895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=47895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}