DUBAI — His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has ordered an additional five-year extension period for construction on the land granted for UAE nationals.
UAE nationals who have acquired land from the Mohammed bin Rashid Housing Establishment (MRHE) will receive an extra five years to build on their land.
The same ruling applies to UAE nationals who have acquired their land before the founding of the housing establishment, said Sami Gargash, Executive Director of the MRHE, according to a statement on Saturday.
The period would otherwise have ended by February 2010.
This gesture, which is coming after the waiver on the administrative fees previously imposed on the UAE national is to support UAE nationals, said Mohammed Ibrahim Al Shaibani, Director of the Court of the Ruler of Dubai, who is also the Chairman of the Board of Directors of MRHE.
According to officials at the Government of Dubai, the time period extension has been added to assist the UAE nationals, and to help them take advantage of a reduction in prices of construction material.
By: Ibrahim Haj Hamad
Khaleejtimes
Dubai Property | Dubai Real Estate
Sunday, June 7, 2009
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