Shaikh Sultan bin Mohammed bin Sultan Al Qasimi, Sharjah Crown Prince and Deputy Ruler and chairman of Sharjah’s Executive Council , issued on Wednesday a decree on sale of real estate in the emirate.
According to WAM, the decree sets a number of conditions for obtaining building licences for new commercial buildings on ownership basis, whereby the land where the property is to be constructed is completely owned by the proprietor and that the proprietor shall maintain the right to exploit it as per the conditions and regulations of the appropriate laws.
