Tuesday, September 07, 2010

New real estate regulation announced in Sharjah

According to a new real estate regulation issued in Sharjah today, the landlords in Sharjah can now turn their residential buildings into commercial or professional facilities.

The Sharjah Executive Council passed the resolution in a meeting, chaired by H.H. Sheikh Sultan bin Mohammed bin Sultan Al-Qasimi, the Crown Prince and Deputy Ruler of Sharjah.

As per the new real estate measures, a committee will be established to examine applications for commercial and professional use of buildings, in view of technical criteria.

This initiative aims to regulate the use of buildings at the permissible leaseable residential districts.

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