Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and Chairman of Sharjah Executive Council (SEC), chaired a meeting of the Council on Tuesday, and the boost for the real estate sector was on the agenda.
In light of the significant growth in the real estate sector in the Emirate and the increasing interest from investors in buying and selling real estate units, SEC approved a reduction in the sale and purchase fees for transactions that will be executed at the ACRES Real Estate Exhibition 2025.
Sharjah real estate fees
The sale fee will be set at 0.5 per cent for real estate developers, while the purchase fee for UAE citizens and GCC nationals will be 1 per cent, and for other nationalities, it will be 2 per cent.
SEC also issued a decision regarding the enforcement procedures at the Rental Disputes Centre, which included the establishment of an Enforcement Department to operate under the presidency and supervision of the Enforcement Judge at the Centre’s headquarters.
This department is responsible for monitoring the execution of judgments and enforcement decisions issued by the Enforcement Judge.
The decision also organised various legal provisions such as appeals against enforcement decisions, the appeal of enforcement decisions, enforcement, suspension of enforcement procedures, notifications, coercive measures, inventory, guardianship, public auction sales, outsourcing enforcement services, and execution and publication.
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