Sharjah may offer freehold properties, drafts law
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Sharjah may offer freehold properties, drafts law

Sharjah may offer freehold properties, drafts law

A new law is being prepared by the government of Sharjah that will allow - upon obtaining the approval from the emirate's ruler – the sale of freehold property to foreigners for the first time, Emirates Business has reported, citing a source at the Sharjah Consultative Council. A freehold law for expatriates is a necessity especially since the emirate is developing mega projects such as the Al Nujoom Islands and Sharjah Marina, the source said. The draft also tackles issues related to streamlining fee payments to prevent any sort of circumventing of the same, he added.

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