Executive Council Resolution No. (36) of 2024
Forming the
Real Estate Investment Funds Committee[1]
ــــــــــــــــــــــــــــــــــــــــ
We, Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council,
After perusal of:
Law No. (7) of 2013 Concerning the Land Department;
Law No. (26) of 2023 Concerning the Executive Council of the Emirate of Dubai;
Decree No. (22) of 2022 Approving the Grant of Privileges to Real Estate Investment Funds in the Emirate of Dubai; and
Decree No. (1) of 2023 Concerning Governance of the Councils/ Boards and Committees Affiliated to the Government of Dubai,
Do hereby issue this Resolution.
©2024 The Supreme Legislation Committee in the Emirate of Dubai
[1]Every effort has been made to produce an accurate and complete English version of this legislation. However, for the purpose of its interpretation and application, reference must be made to the original Arabic text. In case of conflict, the Arabic text will prevail.
The provisions of the above-mentioned Decree No. (1) of 2023 and the resolutions issued in pursuance thereof apply to all matters related to the governance of the REIFC; the procedures for convening its meetings and passing its resolutions and recommendations; the confidentiality of information; and the obligations and duties of the Chairman, Members, and Rapporteur of the REIFC.
The Land Department will provide administrative and technical support to the REIFC to enable it to perform its functions under the above-mentioned Decree No. (22) of 2022, the resolutions issued in pursuance thereof, and other legislation in force in the Emirate of Dubai.
The Chairman of the REIFC will issue the resolutions required for the implementation of the provisions of this Resolution.