Sharjah introduces new laws and resolutions to strengthen the real estate sector

Sharjah introduces new laws and resolutions to strengthen the real estate sector

Sharjah has recently enacted a series of laws and resolutions designed to enhance its real estate sector, streamline judicial processes, and promote sustainable urban development. These measures include Law No. 6 of 2024 on the Rental Disputes Center, Executive Council Resolution No. 37 of 2024 regulating real estate development projects, Law No. 5 of 2024 concerning property leasing, and Executive Council Resolution No. 32 of 2024 amending the establishment of the Committee of Integrated Real Estate Services Platform Project. Together, these laws reflect Sharjah's commitment to creating a comprehensive regulatory framework to address key aspects of real estate management, dispute resolution, and digital transformation. Central to these reforms is Law No. 6 of 2024, which establishes the Rental Disputes Center (RDC) as a specialized body to handle rental disputes efficiently and transparently. By introducing primary and appellate courts, a Litigation Management Office, and an Execution Department, the RDC is empowered to streamline case preparation, enforce rulings, and protect stakeholder interests. These changes are expected to significantly enhance judicial efficiency while fostering trust among landlords and tenants.

The other resolutions complement this overarching framework by addressing critical areas of real estate development and leasing practices. Executive Council Resolution No. 37 of 2024 introduces stringent regulations for real estate development projects, requiring developers to open escrow accounts and adhere to strict registration conditions, ensuring transparency and safeguarding investor interests. Similarly, Law No. 5 of 2024 sets forth clear legal guidelines for property leasing, detailing the responsibilities of landlords and tenants, certification of lease agreements, and fair eviction procedures, thereby fostering equitable relationships. Meanwhile, Executive Council Resolution No. 32 of 2024 facilitates digital integration by reforming the Committee of Integrated Real Estate Services Platform Project, now affiliated with the Sharjah Digital Department. This initiative aims to centralize real estate services into a unified platform, enhancing operational efficiency and coordination among government entities. Collectively, these legislative reforms signify a transformative step forward in Sharjah’s real estate sector, ensuring transparency, accountability, and investor confidence while aligning with the emirate’s broader vision of becoming a regional hub for sustainable development and investment.